Austin Financial Services closed a $4 million senior secured credit facility comprised of an A/R and inventory revolver to a custom poultry processor and distributor located in the Southeast.
The company was seeking a lending partner who understood the unique challenges inherent to its business and industry, but was willing to provide greater flexibility than its current bank lender.
Proceeds from the loan were used to repay the company’s first lien credit facility and provide ongoing working capital support for their operations and growth.
“We remain committed to providing clients with custom financing solutions that enable them to run their businesses effectively and execute their long-term growth strategies,” said Jason Anish, president & CEO.
“The closing date was a critical factor for this client and our team worked incredibly hard to complete a thorough diligence of the deal and close by the mandated deadline.”
