Daily News: February 7, 2014

Access Capital Closes Recruiter Credit Line

Access Capital said it provided a $1 million line of credit to a New York City-based company that provides recruitment consulting services. The new borrower specializes in placing digital media, accounting and financial professionals and is led by a thirty year staffing industry veteran.

The company was recently formed to acquire the business that the founder had previously sold in 2008 and was operating as a division of a larger staffing firm. Access Capital provided the funds necessary to close the acquisition and will be providing working capital as the company enters a new phase of growth.

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.