Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM ABL facility, which included an AR and Inventory revolver to a large contract beverage manufacturer with a state-of-the-art production and bottling facility. Proceeds from AFS’ credit facility were used to purchase inventory for new orders and to support near-and-long-term growth.
“We partnered with our banking relationships to design a working capital solution that addresses the Company’s short and long-term growth plans,” said Jason Anish, President & CEO. “Our team did an exceptional job working with the many parties involved in the transaction while managing expectations and the timeline for closing.”
About Austin Financial Services (AFS)
Headquartered in Los Angeles, Austin Financial Services (AFS) is a privately held, nationwide leader in asset-based lending, serving the middle-market sector for over 40 years. Specializing in alternative funding options, AFS provides support to small and medium-sized businesses that are experiencing growth or undergoing a turnaround. Clients typically have revenues ranging from $10MM to $250MM and have borrowing needs of up to $20MM. AFS's comprehensive portfolio includes flexible revolving lines of credit secured by accounts receivable and inventory, along with term loans secured by equipment.