Daily News: January 29, 2019

Access Provides $3.75MM Facility to Condustrial


Access Capital closed a new transaction with Condustrial, a full service provider of supplemental personnel in the construction, manufacturing, industrial and nursing sectors.

Formed in 2002 and based in South Carolina, the company currently has 8 branches throughout the east coast and southern United States. It was recently named “2018 Best Construction Specialist” by Build Magazine.

Access Capital provided Condustrial with a credit facility of $3.75 million consisting of a $3 million working capital revolver and a $750,000 term loan.

“The opportunities offered by this new alliance with Access Capital are going to be enormous for our company and the future is extremely bright,” said Tony Durham, Condustrial president.

Access Capital is the nation’s foremost lender to the staffing industry and has provided asset-based lending, acquisition financing and advisory services for over thirty years.