Access Capital recently closed a new transaction consisting of a revolving credit facility of $1.75 million and term loan totaling $100,000. The borrower is a staffing company specializing in the light industrial sector.
The company, headquartered in Indiana, has been in business for nearly thirty years and is a woman owned entity. The company’s bank line had become too restrictive to its recent growth in sales. As such, Access Capital structured a larger and more malleable line of credit to allow the company to execute on its growth opportunities.