Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5 million accounts receivable revolver facility for a private equity-owned commercial tree services company providing comprehensive vegetation management and brush maintenance services across the Pacific Northwest.
The company, which is committed to enhancing tree care, maximizing urban recycling, and reducing carbon footprints, used the proceeds from the AFS line of credit to refinance its existing bank facility and is leveraging the additional working capital to support projected revenue growth.
Jason Anish, President & CEO of AFS, stated, “In the wake of the recent California wildfires, this business plays a critical role in mitigating ongoing environmental threats that impact numerous communities.” He continued, “As our first closing following the launch of our joint venture with Stearns Bank N.A., we are proud to support a company making such a positive and tangible impact. We look forward to supporting its continued growth and mission of making communities safer, healthier, and more inviting.”
