Austin Financial Services Closes a $5MM AR Revolver Facility for PE-Owned Tree Services Company

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5 million accounts receivable revolver facility for a private equity-owned commercial tree services company providing comprehensive vegetation management and brush maintenance services across the Pacific Northwest.

The company, which is committed to enhancing tree care, maximizing urban recycling, and reducing carbon footprints, used the proceeds from the AFS line of credit to refinance its existing bank facility and is leveraging the additional working capital to support projected revenue growth. 

Jason Anish, President & CEO of AFS, stated, “In the wake of the recent California wildfires, this business plays a critical role in mitigating ongoing environmental threats that impact numerous communities.” He continued, “As our first closing following the launch of our joint venture with Stearns Bank N.A., we are proud to support a company making such a positive and tangible impact. We look forward to supporting its continued growth and mission of making communities safer, healthier, and more inviting.”

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 lower-middle-market sector for over 40 years. Specializing in alternative financing solutions, AFS provides fast and flexible lines of credit 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.

www.austinfinancial.com