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Access Capital Finances California Aerospace Staffing Company

August 30, 2017, 08:00 AM
Filed Under: Staffing Services

Access Capital has recently funded a $1,000,000 credit facility for The Structures Company. The new borrower is based in California and specializes in providing temporary staffing solutions to the aerospace industry.
The Structures Company was formed in 2015 by three staffing professionals who were all former colleagues at a staffing firm making placements in the IT and engineering industries. Initially, the Company was able to obtain a line of credit from a regional bank. However, due to substantial growth there were concerns whether the bank would provide additional line increases in support of the Company's growth. As such, the principals decided to seek alternative sources of financing and were introduced to Access Capital.  Access provided a revolver that was used to pay out the bank and to provide working capital.  The Access Capital financing contemplates regular performance-based capital increases that will allow the Company to meet its growth plan.

"Access Capital has provided us with the financial flexibility we needed to continue to successfully grow our business.  They have been very easy to work with and have been extremely professional," said J.R. Gonsalves, Managing Member and Founder of The Structures Company, LLC. "We would certainly recommend them to any business in need of capital to support growth."

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