Access Capital closed a credit facility in the amount of $1.95 million with a New York-based photo and video production company specializing in offering their services to top fashion brands and major retailers looking to enhance their websites and engender e-commerce traffic. The company's specialty is providing full production services to their clients; a business model which encompasses all stages of the production process including studio rental, photo retouching, digital asset management and catering.
The credit facility consists of a $1.5 million revolver against accounts receivable and a $450,000 equipment based term loan. The new financing provided by Access Capital has enabled the borrower to replace its existing lender and provide a larger credit facility to support the company's growing clientele.
Access Capital is a privately held non-bank lender that has been supporting the growth of entrepreneurial companies for more than 25 years. We are headquartered in New York and offer our asset based lending programs nationwide.