Austin Financial Services Closes an $1.5M Revolving Facility to an International Upscale Confectionary Company

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $1.5MM revolving A/R and inventory facility to a gourmet confectionary Company with a domestic & international presence.  Proceeds from AFS’ revolver will provide new funds for ongoing working capital support, which will allow the company to grow inventory supply to meet their seasonal demands.                                                                                        

Jason Anish, President & CEO said, “We are pleased to be viewed as a strong and sought after lending partner in the marketplace.” He continued, “At AFS, we take a big picture approach to our borrower’s financing needs and, working collectively with the borrower, devise a structure that meets those objectives.”                                                 

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