Austin Financial Services closed a $6.3MM AR and inventory revolver with M&E and capex term loans for a company that provides meal production & delivery service to hospitals, skilled nursing homes, long-term care facilities and catering companies throughout the country.
The company, which is focused on accelerating its growth trajectory, was looking to tap its short and long-term assets to maximize and improve its liquidity position.
_x000D_
Proceeds from the revolver were used to pay off the company’s existing bank line, fund ongoing working capital needs, and provide new capital to support the Company’s expansion strategy.
“Our ability to provide effective financing solutions that meet our clients’ needs is at the core of our reputation in the marketplace.” He continued, “One of our primary drivers is to provide clients with long-term financing solutions that enable them to execute operational and financial strategies and improve their business,” said Jason Anish, president and CEO
