Austin Financial Services Closes $1.5MM A/R and Inventory Facility for Bakery Company

Austin Financial Services closed a $1.5 million revolving accounts receivable and inventory facility for an upscale bakery company with a domestic and international presence. The company used the proceeds to provide new funds for ongoing working capital support and to grow inventory supply to meet its seasonal demands.

“We are pleased to be viewed as a strong and sought after lending partner in the marketplace,” Jason Anish, president and CEO of Austin Financial Services, said. “At AFS, we take a big picture approach to our borrowers’ financing needs and, working collectively with the borrower, devise a structure that meets those objectives.”