FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Access Capital Provides $1MM Facility to IT Staffing Company

October 13, 2014, 07:22 AM
Filed Under: Staffing Services

Access Capital has closed a $1 million credit facility comprised of a revolver of $750,000 against accounts receivable and a term loan of $250,000.  The new borrower is a California based company that provides technical and IT staff augment solutions.   

The company was founded a decade ago by a trio of friends who each saw a great deal of growth and potential in the staffing industry. Access Capital was able to replace the company’s existing bank line of credit as well as extend a term loan to facilitate an expansion in overhead which the company could not obtain from its former lender. 

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.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.