Austin Financial Services Provides $6.3MM for Revolving and Term Loan Credit Facilities to a Meal Production Company With National Presence

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.3MM AR and Inventory revolver with M&E and Capex Term Loans to a company who provides meal production & delivery service to hospitals, skilled nursing homes, long-term care facilities and catering companies throughout the country. The Company, who is focused on accelerating its growth trajectory, was looking to tap its short & long-term assets to maximize and improve its liquidity position.

Proceeds from AFS’ revolver were used to pay off the Company’s existing bank line, fund ongoing working capital needs, and provide new capital to support the Company’s expansion strategy.

Jason Anish, President & CEO said, “Our ability to provide effective financing solutions that meet our clients’ needs is at the core of our reputation in the marketplace.” He continued, “One of our primary drivers is to provide clients with long-term financing solutions that enable them to execute operational and financial strategies and improve their business.”

 

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.


Recent News

AFS Closes a $5MM ABL Facility to a Logistics Provider Serving e-Commerce Retailers
AFS Closes a $5MM ABL Facility to an Electronic Communication Systems Manufacturer
AFS Closes $3MM ABL to Food Production and Distribution Company

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