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Access Capital Closes $1MM Credit Line for Metals Supplier

August 25, 2014, 07:06 AM
Filed Under: Distribution

Access Capital has closed a $1 million credit line against accounts receivable and inventory for a provider of specialized metal products to the aerospace, automotive, oil & gas, electronics and high-end consumer goods industries. 

The New Jersey based company was founded in 1953 and was family owned until 2007 when it was acquired by a supplier, which in turn sold it in a managed buyout in 2013.  Access Capital provided a line of credit to increase the company’s working capital.   

Access Capital is a privately held non-bank lender that has been supporting the growth of entrepreneurial companies for nearly thirty years.  Headquartered in New York, Access Capital offers asset-based lending, receivable finance and acquisition financing services to businesses nationwide.

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