Austin Financial Services Provides a $3MM Revolving Credit Facility to a Specialty Chemical Compounds Developer & Manufacturer

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM senior secured credit facility comprised of an AR and Inventory revolver to a southwest based developer & manufacturer of specialty chemical compounds used in oil & gas drilling and road construction. Proceeds of the facility were used to refinance the company's existing senior debt, provide support for existing working capital needs and free up additional capital for the business’ long-term growth.                                          

Jason Anish, President & CEO said, “AFS provides the flexibility and customized finance services our customers need and count on us to provide.” He continued, “We are pleased to provide a working capital facility that will help the company maximize its liquidity as they look to achieve future growth.”

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.