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Access Capital Closes $1.75MM Working Capital Revolver for Staffing Firm

August 09, 2017, 07:00 AM
Filed Under: Staffing Services

Access Capital recently closed a new credit facility consisting of a $1.75 million working capital revolver along with a term loan in the amount of $105,000.  The new borrower is a Florida based company, specializing in providing temporary and permanent staffing solutions.
The company is a ten year veteran in the staffing industry, having built strong niches in the healthcare, government, finance, and IT sectors.  Prior to its relationship with Access Capital, the borrower was financed with a bank for some time. The company sought out an alternative financial partner who would be more adept at supporting their growth than their existing bank.  A consultant of the company met with a business development officer of Access Capital at a national staffing conference.  Eventually, a partnership was formed and Access Capital replaced the revolver with the company’s current bank and also provided a term loan for growth.

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