Austin Financial Services Provides a $3.6MM Revolving Credit Facility to a One Hundred Twenty-year-old Fuel and Lubricant Distributor

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.6MM revolving A/R and inventory credit facility to a one-hundred twenty-year-old privately owned fuel and lubricant distributor. The Company is operated by an experienced team of industry veterans who are focused on boosting sales volumes and improving operating efficiencies. Management understood that having a reliable financial partner is critical to ensuring the success of their business. Funds generated from the AFS line were used to payoff the existing bank loan and for growth capital.                   

Jason Anish, President & CEO said, “We are delighted to be a sought-after financial partner for U.S. small businesses.” He continued, “Following a turbulent year, which was plagued with market disruptions and volatility as a result of the COVID-19 pandemic, it is more critical than ever for businesses to have long-term and consistent access to capital.”  

Headquartered in Los Angeles and with a nationwide lending focus, Austin Financial Services (AFS) is a privately held middle-market lender who’s been providing alternative funding in the form of fast & flexible lines of credit to small and medium sized businesses for over 35+ years. Austin specializes in asset-based lending solutions which includes; revolving lines of credit and term loans secured by AR, inventory, and equipment for businesses in a growth or turnaround mode with revenues from $5MM to $200MM and borrowing needs of up to $20MM.

www.austinfinancial.com