Austin Financial Services Closes $10MM ABL Facility for Leading Logistics and Shipping Provider
Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10 million accounts receivable revolver for a leading logistics and shipping provider specializing in mail and parcel delivery across the U.S. and Latin America.
The company, which serves some of the world’s largest e-commerce retailers, was experiencing rapid growth but found that its existing factor could no longer support its operational needs. In search of a financing partner better equipped to meet those needs, the company turned to AFS.
AFS delivered a tailored ABL facility that enabled the refinancing of the previous lender while also unlocking additional working capital. With this new facility in place, the company is now well-positioned to strengthen its infrastructure, scale operations, and capitalize on global growth opportunities.
“This transaction reflects Austin Financial Services’ ability to support companies at critical inflection points,” said Jason Anish, President & CEO of Austin Financial Services. “Our team worked closely with management to structure a flexible ABL facility that refinanced the prior lender while also providing additional liquidity to support continued expansion.”
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.