Austin Financial Services (AFS) closed a $5 million AR-only revolving credit facility for an organic seed and soil manufacturer.
Experiencing rapid growth, the company was seeking a partner to provide debt financing to support its robust order pipeline. Proceeds from AFS’ facility were used to purchase materials for customer orders and strengthen working capital.
“Organic seeds and soil within the home gardening sector are set to experience substantial growth by 2030, with North America leading the market share.” Jason Anish, president and CEO of AFS, said. “At AFS, we are proud to partner with a company dedicated to environmental sustainability, providing the necessary working capital to support their growth objectives.”
