Austin Financial Services Closed a $2.5MM ABL Facility to a Texas Based Distributor of High-Quality Products Used in The Residential and Commercial Building Market

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $2.5MM credit facility to a distributor of foam, resin and other products sold to major retailers and used by builders/contractors in the residential & commercial market.  Proceeds from AFS’ revolver were used to refinance the bank and will also provide the Company with more capital for strategic purchases of inventory in support of the ownership’s growth plans.

“Companies are struggling as access to capital becomes increasingly difficult to secure,” said Jason Anish, President and CEO.  He continued, “As banks and other traditional funding sources continue to tighten lending standards and access to credit, AFS is committed to providing clients with reliable and flexible financing solutions to finance operations and support their growth initiatives.”

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