Daily News: June 14, 2013

Access Capital Finances Fashion Industry Supplier

Access Capital closed a credit facility in the amount of $1.95 million with a New York-based photo and video production company specializing in offering its services to top fashion brands and major retailers looking to enhance their websites and engender ecommerce traffic. The company’s specialty is providing full production services to clients; a business model which encompasses all stages of the production process including studio rental, photo retouching, digital asset management and catering.

The credit facility consists of a $1.5 million revolver against accounts receivable and a $450,000 equipment-based term loan. The new financing provided by Access Capital has enabled the borrower to replace its existing lender and provide a larger credit facility to support the company’s growing clientele.

Access Capital is a privately held non-bank lender that has been supporting the growth of entrepreneurial companies for more than 25 years.