Austin Financial Provides $2.75MM ABL Facility to a Midwest-based Freight Transportation Co

Austin Financial Services closed a $2.75 million ABL facility with a Midwest-based freight transportation company that provides freight management and brokerage services of fresh produce and refrigerated goods for customers nationwide.  Proceeds from AFS’ revolver were used to pay off the company’s existing bank line and provide new funds for working capital and to support business growth.                                                                                                                                                                       

Jason Anish, president and CEO said, “We are delighted to be regarded as a valued funding source for creditworthy customers, who have a stronghold in their marketplace and are seeking to replace their traditional bank financing with a more flexible and nimble financial partner. We differentiate ourselves by providing our clients with tailored financing solutions that meet their short and long-term needs.”                                                                                                                                                                   

Headquartered in Los Angeles and with a nationwide lending focus, Austin Financial Services (AFS) is a privately held middle-market lender that has been providing alternative funding in the form of fast & flexible lines of credit to small and medium sized businesses for over 35 years. Austin specializes in asset-based lending solutions which includes: revolving lines of credit and term loans secured by AR, inventory, and equipment for businesses in a growth or turnaround mode with revenues from $5 million to $200 million and borrowing needs of up to $20 million.