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Access Capital Provides Revolver, Mezzanine Financing to Staffing Firm

March 13, 2018, 07:00 AM
Filed Under: Staffing Services

Access Capital’s latest transaction was with Bear Staffing Services Corporation. Bear’s corporate headquarters are in Fort Myers, Florida and the company specializes in providing skilled and semi-skilled workforce to industrial and manufacturing clients. Access Capital has provided Bear with $2.95 million in financing comprising of a $2.5 million revolver and a $450,000 term loan.

Founded in 2005 by Sherri and Gary Johnson, Bear has achieved impressive growth both organically and inorganically. Bear has eight branch locations and acquired its ninth branch in Allentown, PA with the proceeds of the mezzanine financing.

As a result of their need for financing future growth plans, Bear was referred by their accountant to Access Capital’s Vince Grillo. The business development team was able to structure a financing facility that would support Bear’s strategic plan.

Gary Johnson offered the following statement when discussing his relationship with Access Capital: "We chose Access Capital because we believe they will give us the best opportunity togrow our business the right way. We already had a source of capital. What we were
looking for was an active business partner.”


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