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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.

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