Austin Financial Services Closes an $8.5M Revolving Facility to a Midwest Dairy Distributor

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.”

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