Austin Financial Services (AFS) funded a $2 million ABL credit facility for a security services company.

The client provides security services for a wide range of venues throughout North America. Funds generated from the line of credit were used to pay off the company’s existing bank line, provide additional availability for general working capital needs and support for the client’s seasonal growth plans.

“I’m thoroughly impressed with the speed and processing of the underwriting, and ultimately, the funding timeline of this deal,” said Jason Anish, AFS president and CEO. “The bank was focused on having the client pay them off by months end, and AFS was able to close this ABL facility well ahead of the banks schedule.”

Los Angeles-based Austin Financial Services is a privately held middle-market lender that provides alternative funding in the form of lines of credit to small- and medium-sized businesses for more than 34 years.