Austin Financial Services recently funded a $1.5 million ABL credit facility comprised of an A/R revolver to a billing services company.

The company is based in Louisiana and provides services for the oil and gas exploration and production industry. The company was looking to replace its existing bank line with a more flexible and competitive line of credit customized with its current and long term business needs in mind.

Funds from AFS’s line of credit were used to pay off existing bank obligations and provided additional availability for general working capital needs.

Headquartered in Los Angeles and with a nationwide lending focus, Austin Financial Services is a privately held, middle market lender.