Austin Financial Services Closes $8MM ABL Facility with an Equipment T/L to a PE owned Metal Door Manufacturer

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of an $8MM ABL facility, which includes an equipment term loan, to a manufacturer of metal door and hallway systems for the self-storage industry.  Proceeds from AFS’ revolver and term loan will be used to purchase materials to support order demand and execute the Company’s long-term growth projections.
 
“It was a pleasure working with a high-quality management/ownership team who have a clear vision of how an ABL facility will benefit the company and support their growth plans,” said Jason Anish, President and CEO.  He continued, “Our team did a great job keeping the company and referral source informed throughout our process, ultimately leading to a timely closing.”                                                                                                                                                                              
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 40 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 $10MM to $250MM and borrowing needs of up to $20MM.
 
www.austinfinancial.com