Austin Financial Services (AFS) closed a $3.75 million accounts receivable revolver for a multinational cybersecurity advisory and training firm. The company’s previous lender had capped its credit facility, restricting access to additional working capital and limiting its ability to pursue growth opportunities. In search of a more flexible financing partner, the company turned to AFS. Proceeds from the AFS revolver were used to refinance the previous lender and provide the working capital needed to support the company’s strategic initiatives.
“We’re proud to support a dynamic, growth-focused company operating in the critical field of cybersecurity,” Jason Anish, president and CEO of AFS, said. “They were seeking a more flexible, non-bank financing solution to overcome the constraints of their previous lender. Our revolver was structured to provide the availability required to refinance their bank and enhance liquidity by advancing on both earned and unbilled receivables.”
