Daily News: August 25, 2014

Access Capital Closes Credit Line for Metal Supplier

Access Capital announced it closed a $1 million credit line against A/R 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 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.