Daily News: August 8, 2018

Access Capital Closes $850K Facility for Staffing Firm


Access Capital closed an $850,000 facility for a California staffing firm that provides physical therapists, occupational therapists and speech therapists to schools, hospitals and other healthcare facilities across the U.S.

The company was borrowing from a local asset-based lender and found that a more scalable working capital solution was needed to accommodate its continuing growth. The company’s principals also recognized a need for a financial partner with experience in and understanding of the dynamics of the staffing industry.

The company’s CPA firm subsequently approached Access Capital to construct a credit facility that could meet the needs of the new borrower’s growth strategy.