Access Capital structured a $1.5 million credit facility for truData, a data centric firm focused on partnering with clients in building analytics and data integration capabilities leveraged through cloud solutions.
truData was founded by former colleagues and IT professionals Nevvar Hickmet and Scott Redman, who have more than 40 years of combined experiences in the IT services industry. The company began operations in 2019, offering expertise across industries that include life sciences, medical devices, entertainment and media, retail and apparel, and consumer packaged goods.
“We knew we needed a more stable financial solution in order to support rapid growth. Access Capital came highly recommended by a former client and it was a natural progression to partner with them,” Hickmet said. “The Access Capital team went above and beyond to ensure we established a mutually beneficial agreement and were flexible in their terms. I highly recommend Access Capital and we look forward to our long-term partnership.”
Access Capital provides asset-based lending and acquisition financing.
