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Access Capital Closes Credit Facility for Healthcare Staffing Firm

August 08, 2018, 07:00 AM
Filed Under: Staffing Services

Access Capital has closed a transaction for a new client in the amount of $850,000.

The California company is a staffing firm employing physical therapists, occupational therapists, and speech therapists to schools, hospitals, and other healthcare facilities across the country.
The principals of the new borrower have decades of experience in the therapist staffing niche. The company was borrowing from a local asset based lender and found that a more scalable working capital solution was needed to accommodate continuing growth in sales. The principals also recognized a need for a financial partner with experience in and understanding of the dynamics of the staffing industry. As a result, the team at Access Capital was sought out by their CPA firm to construct a credit facility that could meet the needs of the new borrower's growth strategy.

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