TSL Express Daily News

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $15MM ABL facility, comprised of an AR and Inventory revolver to a custom poultry processor & distributor. The Company was seeking a lending partner who could provide greater flexibility than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.

Proceeds from the loan were used to refinance the bank and will provide ongoing working capital support to meet the Company’s growth forecasts.

Jason Anish, President & CEO said, “AFS is committed to providing custom financing solutions in the marketplace that will allow owners and management to run their businesses effectively and execute their long-term growth strategies.” He continued, “As a year-end deal, timing was critical for this client, our team worked incredibly hard through the holidays which enabled the client to capitalize on favorable pricing in the marketplace and strategically purchase inventory.”

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 $10MM to $250MM and borrowing needs of up to $20MM.
www.austinfinancial.com