Austin Financial Services (AFS) closed a $9 million accounts receivable and inventory revolver facility for an online retailer of consumer products. The facility was used to pay down higher-cost debt and is providing the company with the capital needed to introduce new product lines and increase inventory to support its aggressive growth strategy.
“The company has a very unique business model which proved challenging for other lenders to fully understand,” Jason Anish, president and CEO of AFS, said. “Our team did an excellent job assessing the inherent risks and structuring a facility that effectively addressed them, enabling us to support the company’s ambitious expansion plans.”
