Austin Financial Services closed a $2.5 million revolving A/R facility to a logistics and fulfillment company. The company used the proceeds from the revolver to support its growing customer base and near-term plans for expansion.
“With the uncertainty of our current economic environment, it becomes critical for strong and viable businesses to have the capital support they need,” Jason Anish, president and CEO of Austin Financail Services, said. “AFS is proud to be a funding source to those businesses and help them navigate the current and future economy to achieve both their short and long-term growth objectives.”
Headquartered in Los Angeles, Austin Financial Services is a privately held middle-market lender. It has been providing alternative funding in the form of lines of credit to small- and medium-sized businesses for more than 35 years.
