Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $2.5MM revolving A/R facility to a Logistics and Fulfillment Company. Proceeds from AFS’ revolver were used to support the Company’s growing customer base & near-term plans for expansion.
Jason Anish, President & CEO said, “With the uncertainty of our current economic environment, it becomes critical for strong and viable businesses to have the capital support they need.” He continued, “AFS is proud to be a funding source to those businesses and help them navigate the current and future economy to achieve both their short and long-term growth objectives.”
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.