Austin Financial Services, Inc. (AFS) recently funded a $1.5MM AR revolver facility to a Southern California based Company who provides transcription of multi-language documents and other support services to some of the nation’s highest-grossing law firms. The Company reviews and classifies multi-language data, mostly in digital form, that is gathered during the discovery phase of US based corporate lawsuits.
The Company had outgrown its existing bank line and contacted AFS after learning about our competitive and flexible lines of credit. AFS put together a custom loan structure which was designed around the Company’s reporting and funding needs. Funds from AFS’s line of credit were used to pay off existing bank obligations and provide additional availability for general working capital needs and new business opportunities.
“Providing quality lending solutions in today’s marketplace is a top priority for everyone at AFS,” said Jason Anish, AFS’s President & CEO. “We take pride in exceeding our client’s expectations, both before and after funding.” Anish continued. “The client was on a tight deadline to pay off its existing lender, and our team met the Company’s closing target date after a very thorough but expeditious underwriting and closing process.”
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.