Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $1.5MM revolving A/R and inventory facility to a gourmet confectionary Company with a domestic & international presence. Proceeds from AFS’ revolver will provide new funds for ongoing working capital support, which will allow the company to grow inventory supply to meet their seasonal demands.
Jason Anish, President & CEO said, “We are pleased to be viewed as a strong and sought after lending partner in the marketplace.” He continued, “At AFS, we take a big picture approach to our borrower’s financing needs and, working collectively with the borrower, devise a structure that meets those objectives.”
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.