Austin Financial Services, Inc. (AFS) recently funded a $1.5MM ABL Accounts Receivable line to an e-commerce Shipping Company located in the Mountain West Region. The Company, was looking to exit their current banking relationship for a flexible ABL lender that could understand their growing needs and offer more flexibility under its loan structure at competitive rates.
AFS structured a facility that would allow the Company to service its core clientele while meeting its ongoing general working capital needs. Funds from the AFS line of credit were used to pay off the Company’s existing bank financing obligations and support new business opportunities.
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.