Austin Financial Services funded a $3.2 million revolver and term loan facility to a horizontal directional drilling company located in the Mountain West region. The drilling company wanted to replace its existing banking relationship with a more flexible financing partner who offered consistent and continuous access to capital.

AFS structured the facility to allow the company to service its core clientele while meeting its ongoing general working capital obligations. Additionally, the company will use capital from its AFS line of credit to finance its near and long-term growth objectives.

“As we grow our national presence in the marketplace, it becomes more important for our team to be more nimble and provide innovative financial solutions in a fast time frame,” said Jason Anish, AFS’s president and CEO. “Providing our clients with a value-based solution to their funding needs is the best way we can help them thrive.”