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Access Capital Closes $2.5MM Financing for Mamiya America Corporation

March 30, 2018, 07:00 AM
Filed Under: Specialty Industries

Access Capital has recently closed a transaction for Mamiya America Corporation in the amount of $2.5 million. The new borrower is an importer and distributor of supplies to professional photographers and filmmakers. 

The company has been in business for 30 years and holds the coveted title of sole domestic supplier for acclaimed global brands in the film and photography space. MAC had a long standing bank relationship for nearly thirty years until it was decided the bank could no longer support the relationship after the company restructured. At that point in time, a member of the bank's Special Assets/Workout Group introduced the owner of MAC to Access Capital. Access Capital was able to structure a financial solution for MAC that replaced its existing bank line and was designed to foster partnership and growth.

Jan Lederman, President and Founder of Mamiya America Corporation had the following comment after the completion of his transaction with Access Capital: "I thought transitioning from a 30-year commercial banking relationship to an asset-based lending relationship would be a nightmare, however it's been just the opposite. Since the very first day I spoke to Vince Grillo about who Access Capital was, and why I should select them versus several other banks and ABL lenders, my experience has been nothing but positive. The partnership we have grown with Access Capital has allowed me to feel as though they are rooting for us and we are on the same team."

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