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AFS Closes a $5MM ABL Facility to an Electronic Communication Systems Manufacturer
January 6, 2025
Source: Austin Financial Services, Inc. (AFS)
Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM accounts receivable asset-based lending (ABL) credit facility to a company specializing in the design and manufacturing of electronic communication systems serving the nation’s leading aerospace and defense contractors.
The company was seeking a financing partner that understood the unique challenges of its industry and could provide tailored financing solutions to bridge the gap between its immediate cash flow requirements and long-term funding needs. Proceeds from AFS’ revolving credit facility were used for material purchases to support the company’s robust order pipeline.
Jason Anish, President & CEO of AFS, stated, “Business owners continue to face a unique set of challenges as they seek to access the capital they require to run and grow their business.” He added, “AFS is proud to be a trusted partner to industry leaders looking to secure the financing they need to achieve long-term growth.”
About Austin Financial Services (AFS)
Headquartered in Los Angeles, Austin Financial Services (AFS) is a privately held, nationwide leader in asset-based lending, serving the middle-market sector for over 40 years. Specializing in alternative funding options, AFS provides support to small and medium-sized businesses that are experiencing growth or undergoing a turnaround. Clients typically have revenues ranging from $10MM to $250MM and have borrowing needs of up to $20MM. AFS’s comprehensive portfolio includes flexible revolving lines of credit secured by accounts receivable and inventory, along with term loans secured by equipment.
