eCapital Provides $6.5MM Asset Based Lending Credit Facility to California-Based Food and General Products Distributor

MIAMI, November 29, 2021 – eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative finance provider for small and medium-sized businesses, today announced the issuance of a $6,500,000 asset-based lending credit facility to a California-based food and general products distributor.

The company needed a larger working capital facility to support their growth needs. eCapital was able to provide them a facility to meet their projected sales in both accounts receivable and inventory growth. They have been in business for over 30 years, supplying products to the healthcare industry and municipalities and their current lending relationship could not react fast enough to support rapid growth.

“Our ABL team of experts at eCapital is excited to provide consistent working capital for this distributor to increase their financial agility and help them achieve their goals of becoming a major player,” said Brian Cuttic, Managing Director of eCapital’s Asset Based Lending Division.

About eCapital Corp.

eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada and the UK by accelerating their access to capital through alternative financing solutions like invoice factoring, factoring lines of credit and asset-based lending. Through its Commercial Finance and Freight Factoring divisions and its subsidiaries Advantedge Commercial Finance Ltd. and Gerber Finance, Inc., eCapital offers alternative finance solutions to a broad set of industries. Based in Miami, Florida, eCapital is an innovative leader in providing flexible, customized funding to businesses. For more information about eCapital, visit eCapital.com.

Media Contacts

Courtney Ford, eCapital Corp.
media@ecapital.com
Source: eCapital, Corp., 20807 Biscayne Blvd., Suite 203, Aventura, FL 33180