Daily News: August 30, 2018

Access Capital Finances PeopleSERVE Acquisition


Access Capital provided a $2.2 million credit facility to Erik Schwartz to support his acquisition of staffing company PeopleSERVE from Staffing 360 Solutions.

The new facility is comprised of a $1.5 million line of credit and a $700,000 term loan.

“I was grateful to be connected with the Access team in the beginning stages of exploring the PeopleSERVE acquisition. It was important for us to find a partner with the requisite level of industry expertise required to address our immediate needs, as well as an opportunity to forge a relationship with a lender that would be suitably positioned to support future growth thresholds,” said Schwartz.