Access Capital Provides $1MM Credit Facility to Life Science Staffing Company

Access Capital structured a $1 million credit facility for a provider of life science and engineering talent in New York City. Access Capital plans to increases the facility size to correspond with the client’s revenue growth.

The client is a startup recently formed by its parent, Tempting Ventures, a staffing sector-focused investment firm based in the United Kingdom and led by Ryan Cleland-Bogle.

Cleland-Bogle previously founded, ran and exited a financial markets recruiting firm as well as a nursing agency and is the CEO and founder of Tempting Ventures.

“It has been a pleasure working with the team at Access Capital to put financing facilities in place to allow us to rapidly scale our portfolio staffing [business’] U.S. contractor base,” Cleland-Bogle said. “We are impressed by Access Capital’s thorough understanding of the staffing sector. We’re delighted with how the partnership is working and excited about the long-term prospects.”