Austin Financial Services (AFS) closed a $5 million asset-based lending facility consisting of an accounts receivable revolver for a growing logistics provider serving e-commerce retailers. Following its recent buyout of a foreign partner, the company sought a strategic partnership with a knowledgeable lender capable of providing continuous working capital to support growth initiatives, meet seasonal demands and address long-term financial needs.
“AFS remains committed to delivering customized financing solutions across a wide variety of industries,” Jason Anish, president and CEO of AFS, said. “We look forward to working closely with them to provide the working capital they need to fuel growth, drive innovation and succeed in a competitive marketplace.”
