Access Capital Closes Facility to Software Company
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.