Austin Financial Services, Inc. (AFS) is pleased to announce the closing of an $8.5MM revolving A/R and inventory facility to a Mid-West based dairy and dairy by-products supplier working with large well-known brands who have nationwide presence. Proceeds from AFS’ revolver were used to pay off the Company’s existing bank line and provide additional funds for working capital support and growth.
Jason Anish, President & CEO said, “Our revolving credit facilities offer businesses a value based financial solution that help them better serve the growing demands of their customer base.” He continued, “AFS is committed to serving our broad range of sustainability-focused clients to ensure their ongoing success in the marketplace – both in the short- and long-term.”
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.