Access Capital Provides Facility to Cosmetics Manufacturer
Access Capital provided a credit facility of $2.75 million to a family-owned New Jersey-based manufacturer, filler and packager of consumer products serving customers in the retail, health & beauty aid and cosmetic industries.
The facility includes a $2 million working capital line along with a capital expenditure line of $750,000.
The company’s business model has been evolving over time at the request of its key customers from a packaging and filling operation to a full, turnkey contract manufacturer enhancing its competitive advantage. Access Capital’s facility provides new funds to support this transition.