AFS Closes a $4MM AR & Inventory Revolver Facility for a Specialty Plant-Based Food Manufacturer
May 5, 2025 - Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million accounts receivable and inventory revolver facility for a specialty food manufacturer focused on plant-based food products.
The company partners with private-label, nationally branded food distributors, offering a full-service, turnkey solution that includes research and development, packaging design, branding support, and food production.
Proceeds from AFS’ revolver were used to fulfill new customer orders and will support the company’s ongoing working capital needs.
"At AFS, we’re proud to support the growth and success of innovative companies driving meaningful change in their industries." said Jason Anish, President & CEO of Austin Financial Services. He added, “Strong client relationships, built on trust, consistent actions, and delivering on our promise to be a great financial partner, are some of the driving forces behind AFS' continued success in the marketplace."
About Austin Financial Services (AFS)
Headquartered in Los Angeles, Austin Financial Services (AFS) is a privately held, nationwide leader in asset-based lending, serving the lower-middle-market sector for over 40 years. Specializing in alternative financing solutions, AFS provides fast and flexible lines of credit to small and medium-sized businesses that are experiencing growth or undergoing a turnaround. Clients typically have revenues ranging from $10MM to $250MM and have borrowing needs of up to $20MM. AFS’s comprehensive portfolio includes flexible revolving lines of credit secured by accounts receivable and inventory, along with term loans secured by equipment.