Access Capital has closed a $1 million credit line against accounts receivable and inventory for a provider of specialized metal products to the aerospace, automotive, oil & gas, electronics and high-end consumer goods industries.
The New Jersey based company was founded in 1953 and was family owned until 2007 when it was acquired by a supplier, which in turn sold it in a managed buyout in 2013. Access Capital provided a line of credit to increase the company’s working capital.
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.