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, 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 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, an independent lender to the staffing industry, added Jacob Hamilton to its team. Hamilton will serve as a business development officer covering territory in the Midwest.
Raphael Torres joined Access Capital, an independent lender to the staffing industry, as senior vice president and head of business development.
Access Capital, an independent lender to the staffing and other industries, is continuing to expand its team as Sandra Herrera has joined as a senior collateral analyst.
According to the Secured Finance Network’s 2020 Annual Factoring Survey, overall factoring volume in the U.S. declined 25.9% in 2020, while international factoring showed significantly increased activity, with a 61.8% rise in volume.
Accord Financial achieved record growth throughout 2018 and into 2019 and has added several new team members in order to maintain its high level of client service and responsiveness.