Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM club ABL facility to a toy manufacturer and distributor.  Proceeds from AFS’ revolver were used for seasonal inventory purchases and will also provide ongoing working capital to support the Company’s growth plans.                                   

“AFS is pleased to partner with other reputable lenders and provide the financing to support the customer’s growth initiatives,” said Jason Anish, President & CEO.  “Our team worked closely with our lender partners to complete the underwriting and close the transaction in record time, ensuring products continued to be manufactured as planned.” he continued. “We look forward to having more opportunities to partner with other valued lenders in the marketplace.”

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 $5MM to $200MM and borrowing needs of up to $20MM.

www.austinfinancial.com