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Member FDIC. Equal Housing Lender.
Middleburg Bank, a division of Access National Bank.

Access In Action - Information Technology Company

Overview of Transaction:

  • 30-year old Information Technology company owned 100% by employees through an Employee Stock Ownership Plan (ESOP).
  • The company had accumulated debt from an acquisition and from a stock purchase taking the ESOP to 100% ownership of the business.

Significance of Transaction:

  • Access National Bank provided a $5 million A/R line of credit and a $5 million SBA loan to pay-off mezzanine debt.

Our Role:

  • Access National Bank’s best-in-class expertise in using SBA guaranteed loans to fund ESOP transactions, including refinancing.

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