Austin Financial Services, Inc. (AFS) funded a $5MM ABL facility to a 37 year old Transportation Company with a strong national presence. The Company was seeking a lender for a working capital line who also had the flexibility to provide support for its day-to-day cash needs and to meet the funding demands for its growth strategy. AFS structured a competitive revolving line of credit that unlocked the value of the Company’s assets to maximize borrowing capacity.
AFS’ ABL facility paid off the Company’s existing factoring relationship, provided more flexibility to service its core clientele, fund operations and support its growth. This facility was structured as a multi-year deal with an accordion feature that will expand the line as the Company continues to increase its national presence.
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.