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Access Capital Provides Credit Facility to Security Software Company

November 21, 2014, 07:19 AM
Filed Under: Software

Access Capital has closed a $650,000 credit facility to a Connecticut based security software company.  The borrower has developed a network app that ensures secure transmissions between a laptop, smart phone or a tablet and another computer.  
Access Capital was able to structure a working capital facility based on revenue stream and cash flow rather than just tangible assets to support a new product enhancement and corresponding marketing push. This is the second transaction Access Capital has entered into with this serial entrepreneur.

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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