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Access Capital Closes $1MM Facility to IT Staffing Company

August 23, 2016, 07:32 AM
Filed Under: Staffing Services

Access Capital has recently closed a new facility for $1 million with a New Jersey-based IT staffing company.  The company provides a full suite of IT services to clients in media, publishing, telecommunications, and financial services. 

The borrower is a former client of Access Capital who had left after securing a bank line. Two years into this relationship, the borrower was experiencing restrictions from the bank, primarily with respect to the bank’s unwillingness to raise the borrower’s line in spite of revenue and earnings growth.  The company returned to Access Capital due to its successful relationship in the past and structured debt and scalable credit facility to support its growth

Access Capital has been a partner to entrepreneurs for 30 years and provides asset-based lending, advisory services, and acquisition financing to clients.  Access is a premier provider of financing solutions to the staffing industry and offer our services nationwide.

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