Access Capital closed a senior credit facility in the amount of $500,000 to a New Jersey-based provider of temporary staffing solutions to the manufacturing and distribution industries
The company, currently in its second full year of operations, was previously in a factoring arrangement. The company’s principal shareholder and its financial consultant both have substantial background in the staffing industry and chose Access Capital as their financial partner based on our expertise in staffing. The financing was structured to replace the existing factoring facility and accommodate the company’s rapid growth in sales.
Access Capital provides asset-based lending, advisory services, and acquisition financing to entrepreneurial companies nationwide.