Daily News: December 17, 2018

Austin Financial Funds $1.5MM ABL Facility for Oral Device Manufacturer


Austin Financial Services funded a $1.5 million ABL credit facility comprised of an accounts receivable revolver on behalf of an innovator and manufacturer of sleep disorder oral appliances.

Located in the Western U.S., the company was looking to partner with a lender who could offer a flexible loan structure with competitive pricing.

AFS learned the opportunities and risks inherent to the business and structured a facility that will allow the company to maintain its strong market share in the industry.

Proceeds from the facility will enable the company to service its core clientele through ongoing general working capital support and to fund new business growth.

Headquartered in Los Angeles, Austin Financial Services is a privately held middle-market lender which provides alternative funding in the form of fast and flexible lines of credit to small and medium-sized businesses.