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Austin Financial Funds Two Recent Asset-Based Loans

May 18, 2016, 07:13 AM

Austin Financial funded a $1 million accounts receivable revolver for a staffing and software implementation company serving fortune 500 clients. When the incumbent bank wasn’t able to increase the client’s line of credit, Austin stepped in with a line secured by accounts receivable creating the necessary availability to pay off the bank and support the company’s growth objectives.

Additionally, Austin Financial funded a $500,000 A/R revolver for an exhibit design and manufacturing company that services entertainment and cultural institutions. A bank referred deal, the client company was in the process of closing an expensive MCA line to support their working capital needs. Austin stepped in with an AR financing solution and closed within a two week time frame to provide enough availability to satisfy the trade and keep this company on a positive growth path.

Austin Financial is a 35-year old privately held asset-based lender that specializes in providing revolving lines of credit and term loans secured by accounts receivable, inventory and equipment to businesses with revenues from $2 million to $60 million.

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