Daily News: October 21, 2019

Austin Financial Provides $5MM Revolver to Courier Company


Austin Financial Services closed a $5 million ABL credit facility for a Midwest-based full-service courier company that provides parcel delivery throughout the country.

The private equity-owned company was seeking a lending partner who understands that every business encounters challenges but is committed to finding flexible and customized financing solutions for long term success. AFS’ team worked with the company and its mezzanine lender to provide an effective financing structure that enables it to access additional funds, which will be used for general working capital and to support management’s long term growth plan.

“AFS recognizes that no two clients are the same. Each comes with its own set of challenges and objectives.” said Jason Anish, AFS president and CEO. “Our team takes a deep dive approach to get to know our customers and understand the risks to their business. In collaboration with our customers and their ownership, we tailor a financing program that addresses management’s path to success.”

Headquartered in Los Angeles and with a nationwide lending focus, Austin Financial Services is a privately held middle-market lender who’s been providing alternative funding in the form of fast & flexible lines of credit to small and medium sized businesses for over 35 years.