Austin Financial Services Provides $4MM Revolving Credit Facility to a Southeast-based Custom Poultry Processor & Distributor

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4MM senior secured credit facility comprised of an AR and Inventory revolver to a Custom Poultry Processor & Distributor located in the Southeast. The Company was seeking a lending partner who understood the unique challenges inherent to its business and industry, but was willing to provide greater flexibility than its current bank lender.

Proceeds from the loan were used to repay the Company’s first lien credit facility and provide ongoing working capital support for their operations and growth.

Jason Anish, President & CEO said, “We remain committed to providing clients with custom financing solutions that enable them to run their businesses effectively and execute their long-term growth strategies.” He continued, “The closing date was a critical factor for this client and our team worked incredibly hard to complete a thorough diligence of the deal and close by the mandated deadline.”

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 up to $15MM.

www.austinfinancial.com