Access Capital announced it has provided a revolving credit facility of $3 million and a term loan of $200,000 to an IT staffing company based in San Diego, CA. The company has been operating for nearly 15 years placing permanent and temporary consultants nationwide.
 
After a couple of years of losses due to a softness in sales without significant expense cuts, the company's principal was feeling pressure from the structure of its restrictive banking relationship and contacted a member of the Access Capital business development team with whom he had a long term relationship. Once the borrower demonstrated a consistent return to profitability by initiating a series of cost saving measures and added new business, Access Capital was able to structure a new loan to replace the bank line as well as provide a term loan to diminish the borrower's over advance position.

Access Capital has been a partner to entrepreneurs for 30 years and provides asset-based lending, advisory services, and acquisition financing to clients. We are the premier provider of financing solutions to the staffing industry and offer our services nationwide.