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Access Capital Provides Financing for IT Staffing Firm

February 04, 2020, 09:00 AM
Filed Under: Staffing Services
Related: Access Capital

Access Capital recently provided financing to Universal Technologies, a provider of IT consulting and staffing services, large scale hardware and maintenance contracts.

The Albany based company is a woman owned business and has over 15 years of experience serving the unique IT needs of the government sector of New York State. The team at UNIVERSAL prides itself on a culture of accountability and expertise in delivering solutions to its clients.

“We found the experience working with Access Capital not only very productive but also refreshing. Unlike traditional banking they understood our business model and the associated complexities of our client base," said Jo Raquel, Partner and CEO, Universal Technologies LLC.

Access Capital structured an asset-based lending facility for Universal once it became evident that the company’s banking relationship was no longer meeting its needs. Access Capital will be supporting Universal’s growth with a $1 million line of credit.

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