Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, closed a $130 million senior revolving credit facility for Access Capital. The three-year facility includes a $30 million accordion feature to upsize as Access Capital grows.
Access Capital Promoted Raphael Torres to the position of executive vice president and head of business development. Access Capital also promoted John Belling to executive vice president and chief credit officer.
Access Capital provided a multi-million-dollar credit facility to CRB Workforce, a California-based workforce solutions provider with established niches in the entertainment, online education, consumer apparel and travel sectors.
Access Capital promoted Natasha Vaughn to collateral analyst. Vaughn has worked for Access Capital since 2007, most recently serving as head of the company’s client services group since 2019.
Access Capital provided a $15 million credit facility to Phaxis, a New York-based provider of workforce solutions that specializes in delivering tailored solutions to companies across the healthcare, technology and finance sectors.
Access Capital, a privately-owned asset-based lending firm based in New York, upgraded from Solifi’s legacy on-premise platform (ABLM.NET) to Solifi ABL on Solifi’s Open Finance Platform.
Access Capital, an independent lender to the staffing industry, added Alexandra Hough to serve as its legal and administrative coordinator. Hough previously served as a paralegal at Chaves Perlowitz Luftig.
Access Capital provided a $5 million credit facility to Howard-Sloan Search, a New York-based direct hire staffing firm that has been operating for more than 65 years.
Access Capital added Brian Sheehy to its business development team as vice president. Sheehy will report to Raphael Torres, head of business development at Access Capital, and be based in Los Angeles. Sheehy will cover the West Coast and expand Access Capital’s presence across the region.
Access Capital added Brian Richardson as a senior vice president for its business development team. Richardson will report to Raphael Torres, head of business development at Access Capital, and focus on the Mid-Atlantic and Southeast, expanding Access’s geographic presence.