Austin Financial Services Provides $3.6MM Revolving A/R Facility to Fuel and Lubricant Distributor

Austin Financial Services closed a $3.6 million revolving accounts receivable and inventory credit facility to a 120-year-old, privately-owned fuel and lubricant distributor, which used the funds from the facility to pay off an existing bank loan and for growth capital.                          

“We are delighted to be a sought-after financial partner for U.S. small businesses,” Jason Anish, president and CEO of Austin Financial Services, said. “Following a turbulent year, which was plagued with market disruptions and volatility as a result of the COVID-19 pandemic, it is more critical than ever for businesses to have long-term and consistent access to capital.”