Austin Financial Services closed a $2.5 million credit facility for a distributor of foam, resin and other products sold to major retailers and used by builders/contractors in the residential and commercial market. The company used the proceeds to refinance its bank and will use the remaining proceeds for capital for strategic purchases of inventory in support of its growth plans.
“Companies are struggling as access to capital becomes increasingly difficult to secure,” Jason Anish, president and CEO at Austin Financial Services, said. He continued, “As banks and other traditional funding sources continue to tighten lending standards and access to credit, AFS is committed to providing clients with reliable and flexible financing solutions to finance operations and support their growth initiatives.”
