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Austin Financial Services Provides a $1.5MM Revolving Facility to a Precision Machine components Manufacturer for the Aerospace & Defense Industries
May 26, 2020
Source: Austin Financial Services, Inc. (AFS)
Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $1.5MM revolving A/R and inventory facility to a manufacturer of precision machine components for the aerospace and defense industries. Proceeds from AFS’ revolver were used to provide funds for working capital support and growth.
Jason Anish, President & CEO said, “We are proud to continue our support of viable small businesses, especially while we navigate through the current Covid-19 economy.” He continued, “sharing our wealth of knowledge and providing essential lending support is more critical than ever to ensure our Customer’s long-term success.”
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
Jason Anish, President & CEO said, “We are proud to continue our support of viable small businesses, especially while we navigate through the current Covid-19 economy.” He continued, “sharing our wealth of knowledge and providing essential lending support is more critical than ever to ensure our Customer’s long-term success.”
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
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