Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL credit facility to a Midwest based Full-Service Courier Company that provides parcel delivery throughout the country. The private equity owned Company was seeking a lending partner who understands that every business encounters challenges but is committed to finding flexible and customized financing solutions for long term success. AFS’ team worked with the Company and their mezzanine lender to provide an effective financing structure that enables them to access additional funds, which will be used for general working capital and to support management’s long term growth strategy.
“AFS recognizes that no two clients are the same. Each comes with its own set of challenges and objectives.” said Jason Anish, AFS’s President and CEO. He continued, “Our team takes a deep dive approach to get to know our customers and understand the risks to their business. In collaboration with our customers and their ownership, we tailor a financing program that addresses management’s path to success.”
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.