Austin Financial Services closed a $4 million revolving accounts receivable and inventory credit facility to a privately-owned canning company.
The canning company, which was recently acquired, is focused on growing its customer base while working on integrating its business lines. The company needed a lending partner to provide working capital while it tackled post-acquisition integration challenges.
“AFS continues to be a primary source of financing solutions for privately and sponsor-owned businesses nationally,” Jason Anish, president and CEO of Austin Financial Services, said. “Our flexible financing solutions, coupled with the strong relationships we maintain with many industry experts, gives us a competitive edge in the market.”