Austin Financial Services funded a $1.5 million ABL credit facility comprised of an AR & inventory revolver for an equipment testing company based in the Northwest U.S.

The client manufactures and distributes automobile electronic testing equipment and related products. Funds generated from the AFS line of credit were used to pay off the existing bank line, provide additional availability for general working capital needs and support the client’s immediate growth plans.

Los Angeles-based Austin Financial Services is a privately held middle-market lender.