Austin Financial Services Closes a $10MM Club Facility to a Toy Manufacturer and Distributor

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM club ABL facility to a toy manufacturer and distributor. Proceeds from AFS’ revolver were used for seasonal inventory purchases and will also provide ongoing working capital to support the Company’s growth plans.

“AFS is pleased to partner with other reputable lenders and provide the financing to support the customer’s growth initiatives,” said Jason Anish, President & CEO. “Our team worked closely with our lender partners to complete the underwriting and close the transaction in record time, ensuring products continued to be manufactured as planned.” he continued. “We look forward to having more opportunities to partner with other valued lenders in the marketplace.”


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.


Recent News

AFS Closes a $5MM ABL Facility to a Logistics Provider Serving e-Commerce Retailers
AFS Closes a $5MM ABL Facility to an Electronic Communication Systems Manufacturer
AFS Closes $3MM ABL to Food Production and Distribution Company

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