Austin Financial Services funded a $1.4 million ABL credit facility comprised of an A/R and inventory revolver with a seasonal over-advance line to meet the client’s inventory purchasing needs.

The company is a manufacturer and distributor of aftermarket automotive tire and wheel accessories. Funds generated from the line of credit were used to pay off its existing factoring company and to support the company’s seasonal financing needs and future growth plans.

Los Angeles-based Austin Financial Services is a privately held middle-market lender providing small to medium sized businesses alternative funding.