eCapital Provides a $6 Million Asset Based Lending Facility for Building Materials Company in Canada

The lender was chosen to provide a financial solution to support the company’s growth.

MIAMI – February 15, 2022 – eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division, today announced the issuance of a $6 million CAD asset-based line to a Canada-based building materials and flooring company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.

The flooring company is rapidly growing and needed a lender to accommodate their expansion. Not only will eCapital match the company’s need for quick access to working capital today, but it provided the financing needed for the company to meet the demands fueled by an influx in the housing industry.

“With the recent housing market boom, companies that supply products for building new homes and renovating homes are in high demand,” said Kyle Wilson, SVP Sales Director Business Development of eCapital Commercial Finance. “We are excited to deliver the financing solutions required to assist this supplier in increasing its operations and production.”

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 financial solutions like invoice factoring, factoring lines of credit, and asset-based lending. Through its Commercial Finance and Freight Factoring divisions and its portfolio companies Advantedge Commercial Finance Ltd. and Gerber Finance, Inc., eCapital offers capital solutions to a broad set of industries. Based in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.