Austin Financial Services funded a $5 million ABL facility for a 37-year-old transportation company with a strong national presence.
The company needed a lender for a working capital line who also had the flexibility to provide support for its day-to-day cash needs and meet the funding demands for its growth strategy.
Austin structured a competitive revolving line of credit that unlocked the value of the company’s assets to maximize borrowing capacity.
Its facility was used to pay off the company’s existing factoring relationship, fund operations and support growth. The facility was structured as a multi-year deal with an accordion feature that will expand the line as the company continues to increase its national presence.
