Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5.4MM revolving A/R and inventory credit facility to a privately owned Canning Company. The Company, which was recently acquired, is focused on growing its customer base while working on integrating its business lines. Management needed an experienced and dependable lending partner to provide working capital while they tackled the post-acquisition integration challenges.
Jason Anish, President & CEO said, “AFS continues to be a primary source of financing solutions for privately and sponsor owned businesses nationally.” He continued, “Our flexible financing solutions coupled with the strong relationships we maintain with many industry experts gives us a competitive edge in the market.”
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.