Austin Financial Services Closes a $6.5MM Credit Facility to a Print & Digital Visual Communications Company
October 10, 2022
Source: Austin Financial Services, Inc. (AFS)
Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6.5MM working capital and equipment term loan facility to a print & digital visual communications manufacturer. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and provide ongoing working capital support. AFS also brought in a new bank partner to help the company with their CRE financing needs.
Jason Anish, President & CEO said, “At AFS, we take a customer-centric and value-add approach to our product offering and services.” He continued, “We are pleased that referral sources and customers consistently look to us to provide flexible and customized credit solutions and view us as a valued resource to meet their ongoing financing needs.”
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 since 1981. 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.
