Austin Financial Services funded a $2.5 million ABL credit facility, comprised of an accounts receivable and inventory revolver, to a manufacturer of energy drinks and supplements.
The company, located in the Western Region, was looking to partner with a lender who understood both the opportunities and risks inherent to its business while offering more flexibility under its loan structure at competitive rates.
AFS structured a facility that allowed the company to service its core clientele while meeting its ongoing general working capital needs. Funds from the AFS line of credit were used to pay off the company’s existing factoring facility with excess availability used to support new business opportunities.
“This client was looking for a strategic lending partner with an ability to structure a facility that would meet both its current and long-term funding needs while closing in a fast timeframe. Our team did an exceptional job on closing this deal and exceeding the customer’s expectations.” said Jason Anish, AFS president and CEO.
