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Access Capital Closes $11.5MM Credit Facility for Scribe-X

August 04, 2020, 09:15 AM
Filed Under: Specialty Industries
Related: Access Capital

Access Capital, one of the nation’s foremost lenders to staffing enterprises, provided $11.5 million in new funding to Scribe-X LLC, a Portland, Oregon based provider of medical scribe services to the healthcare industry. Medical scribes provide real time clinical documentation to medical professionals thus allowing for more effective patient visits and less time behind a desk for clinicians.

Access Capital replaced the company’s bank and will become its financial partner by providing a revolver of $850,000 and a term loan in the amount of $300,000.
"We are seasoned medical staffing executives with multiple start-ups and exits and never worked with a more entrepreneurial team. We felt a bit like we walked into the twilight zone in that they created a truly customized solution for our company's needs and wants.

The value Access Capital provides was reinforced when talking with their references. Each company had clear examples of how Access Capital supported them through various challenges in their business cycles. This became far too real for us when COVID-19 reduced our revenue by nearly 80% in just 2 weeks. Access Capital was unwavering in their commitment to act quickly on creative solutions to address our needs during a time of great uncertainty.

"We have found Access Capital to be quickly accessible and transparent in all their communication and promises. It has been one of the best choices we have made in the life of our business and we are very excited to work with them as our business grows... they are a trusted business partner," said Warren Johnson, CEO, Scribe-X LLC.

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