Austin Financial Services recently funded a $1.5 million A/R revolver facility to a Southern California-based company that provides transcription of multi-language documents and other support services to some of the nation’s highest-grossing law firms.

The company reviews and classifies multi-language data, mostly in digital form, that is gathered during the discovery phase of U.S.-based corporate lawsuits.

The company had outgrown its existing bank line and contacted AFS. AFS put together a custom loan structure which was designed around the company’s reporting and funding needs. Funds from AFS’s line of credit were used to pay off existing bank obligations and provide additional availability for general working capital needs and new business opportunities.

“Providing quality lending solutions in today’s marketplace is a top priority for everyone at AFS,” said Jason Anish, AFS president and CEO. “We take pride in exceeding our client’s expectations, both before and after funding. The client was on a tight deadline to pay off its existing lender, and our team met the company’s closing target date after a very thorough but expeditious underwriting and closing process.”

Headquartered in Los Angeles and with a nationwide lending focus, Austin Financial Services is a privately held middle-market lender providing alternative funding in the form of fast and flexible lines of credit to small and medium-sized businesses.