Austin Financial Services funded a $4.1 million ABL credit facility comprised of an AR and inventory revolver, with an equipment term loan to a manufacturer and distributor of highly customized and specialized components for conveyor belt systems.

The company, which is located in the Midwest, had outgrown its existing financing line and was looking to partner with a lender who understood both the opportunities and risks inherent to its business but who offered more flexibility under its loan structure at competitive rates. AFS structured a facility that would allow the company to fulfill the backlog of orders for its core clientele while meeting its ongoing general working capital needs.

The AFS facility also taps into the value of the company’s machinery and equipment to provide additional liquidity. Funds from the AFS line of credit were used to pay off the company’s existing financing obligations and for capex to support new business opportunities.

“Our team proved again that we can deliver on our promise to create value for our clients through our competitive credit solutions and full service – no matter how complex the transaction or capital structure,” said Jason Anish, AFS’s president and CEO. “As a leader in our field, it’s crucial that we set a high standard for providing quality lending solutions and exceptional service. This client was looking for a strategic lending partner with an ability to structure a facility that would meet both its current and long term funding needs while closing in a fast time frame. Our team did an exceptional job on closing this deal and exceeding the customer’s expectations.”

Headquartered in Los Angeles and with a nationwide lending focus, Austin Financial Services is a privately held middle-market lender specializing in asset-based lending solutions which include revolving lines of credit and term loans secured by AR, inventory and equipment.