Austin Financial Services, Inc. (AFS) recently funded a $1.5MM ABL credit facility comprised of an AR revolver to an innovator and manufacturer of sleep disorder oral appliances. The Company, which is located in the Western U.S., was looking to partner with a lender who could offer a flexible loan structure with competitive pricing.
AFS took the time to learn the opportunities and risks inherent to the business and structured a facility that allows the Company to maintain its strong market share in the industry. Proceeds from AFS’ line of credit will enable the company to service its core clientele through ongoing general working capital support and fund new business growth.
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.