Austin Financial Services funded a $5.25 million ABL credit facility comprised of an AR and inventory revolver with a $1 million equipment term loan.

The company is a private label food manufacturer, wholesaler and distributor of natural foods to grocery stores nationwide. Funds generated from the Austin line of credit were used to pay off the existing factoring company with excess availability for general working capital 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 in the form of lines of credit.