Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.5MM working capital and equipment term loan facility to a print & digital visual communications manufacturer. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and provide ongoing working capital support. AFS also brought in a new bank partner to help the company with their CRE financing needs.
Jason Anish, President & CEO said, “At AFS, we take a customer-centric and value-add approach to our product offering and services.” He continued, “We are pleased that referral sources and customers consistently look to us to provide flexible and customized credit solutions and view us as a valued resource to meet their ongoing financing needs.”
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.