Access Capital has provided a credit facility of $2.75 million to a family owned New Jersey-based manufacturer, filler and packager of consumer products serving customers that are leading brands in the retail, health & beauty aid, and cosmetic industries. The credit facility includes a $2 million working capital line along with a capital expenditure line of $750,000.
The company’s business model has been evolving over time at the request of its key customers from a packaging and filling operation, to a full turn key contract manufacturer enhancing their competitive advantage. Access Capital’s credit facility provides entirely new funds to support this transition.
Access Capital is a privately held non-bank lender that has been supporting the growth of entrepreneurial companies for nearly thirty years. Headquartered in New York, Access Capital offers asset-based lending, receivable finance and acquisition financing services to businesses nationwide.