Daily News: April 20, 2018

Access Capital Provides $2.5MM to Seafood Importer

Access Capital closed a $2.5 million transaction with a New York-based importer of frozen seafood. The company is a woman-owned enterprise and has been in business for more than 20 years.

The borrower had a previous relationship with a bank until certain restrictive covenants proved challenging to the company’s business strategy. The company subsequently sought out a new relationship.

Access Capital replaced the existing line with a working capital credit facility specifically structured and better suited to meet the company’s needs.