Access Capital provided a $5 million credit facility to Alumni Staffing, a New Jersey-based staffing company focused on providing temporary physician services to healthcare facilities.
Founded in 2016, Alumni Staffing has consistently posted year-over-year growth since inception and is on pace to achieve company records in revenues and profits for 2022. To sustain this growth and maximize financial flexibility, the company sought a more robust credit facility, leading John Pannucci, CEO and founder of the company, to connect with Access Capital.
“With this new credit facility, Alumni has obtained greater borrowing capacity at lower interest
rates with improved flexibility under covenants,” Pannucci said. “This larger facility reflects the strength of the company, diversifies funding sources and bolsters our strong liquidity position for the years to come.”