Austin Financial Services closed a $10 million club asset-based lending facility for a toy manufacturer and distributor, which will use the proceeds for seasonal inventory purchases and ongoing working capital to support growth.
“AFS is pleased to partner with other reputable lenders and provide the financing to support the customer’s growth initiatives,” Jason Anish, president and CEO of Austin Financial Services, said. “Our team worked closely with our lender partners to complete the underwriting and close the transaction in record time, ensuring products continued to be manufactured as planned.” he continued. “We look forward to having more opportunities to partner with other valued lenders in the marketplace.”
