Austin Financial Services (AFS) closed an $8 million asset-based lending facility, which includes an equipment term loan, to a manufacturer of metal door and hallway systems for the self-storage industry. Proceeds from AFS’ revolver and term loan will be used to purchase materials to support order demand and execute the company’s long-term growth projections.
“It was a pleasure working with a high-quality management/ownership team who have a clear vision of how an ABL facility will benefit the company and support their growth plans,” Jason Anish, president and CEO of AFS, said. He continued, “Our team did a great job keeping the company and referral source informed throughout our process, ultimately leading to a timely closing.”
