Austin Financial Services Closes $3.5M A/R Credit Facility to Materials Recycling Company

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.5MM A/R only credit facility to a fifty-year-old materials recycling company based in the Western Region. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and will provide ongoing working capital support.

Jason Anish, President & CEO said, “AFS is pleased to be a valued lending partner to a recognized industry leader, whose focus is to continue to grow and innovate its offering in the marketplace.” He continued, “we strive to provide our customers with flexible and dependable capital solutions with a best-in-class service experience in our industry.”

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