Austin Financial Services closed a $2.750 million ABL facility to a Midwest-based freight transportation company that provides freight management and brokerage services of fresh produce and refrigerated goods for customers nationwide.
Proceeds from the revolver were used to pay off the company’s existing bank line and provide new funds for working capital and to support business growth.
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“We are delighted to be regarded as a valued funding source for creditworthy customers, who have a stronghold in their marketplace, and are seeking to replace their traditional bank financing with a more flexible and nimble financial partner.” He continued, “We differentiate ourselves by providing our clients with tailored financing solutions that meet their short and long-term needs,” said Jason Anish, president & CEO.
