Access Capital closed a $1.5 million credit facility with AETEA Information Technology, a provider of IT staffing services with a specialization in life sciences.

Access Capital replaced the company’s bank relationship with the $1.5 million credit facility. AETEA will use the new asset-based lending facility to support its growth plans.

“It was important to us to partner with a lender that truly understands our business. Once we spoke with Access Capital, we knew they ‘got it’ and would be the clear choice for our financing needs. We are looking forward to an excellent working relationship as we grow our business with Access on our team,” Jeffrey Sardis, founder of AETEA Information Technology, said.