Austin Financial Services (AFS) closed a $5 million accounts receivable asset-based lending credit facility to a company specializing in the design and manufacturing of electronic communication systems serving aerospace and defense contractors. Proceeds from AFS’ revolving credit facility were used for material purchases to support the company’s order pipeline.
“Business owners continue to face a unique set of challenges as they seek to access the capital they require to run and grow their business.” Jason Anish, president and CEO of AFS, said. “AFS is proud to be a trusted partner to industry leaders looking to secure the financing they need to achieve long-term growth.”
