eCapital Provides $16MM Asset-based Loan to Apparel Company

January 11, 2024

Source: eCapital Corp.

MIAMI – January 12, 2024 – eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announces the recent funding of a $16MM asset-based loan for a menswear brand apparel company.

The New York-based apparel company was seeking a new and reliable financing partner that could offer better pricing, higher advance rates, and a more creative financial structure. After seeking guidance from their partner, the apparel company was introduced to eCapital. Impressed by the tailored financial solution proposed, the team’s responsiveness, and the company’s commitment to customer satisfaction, they found the perfect strategic fit in eCapital for achieving their business goals. 

eCapital delivered a creative asset-based loan structure that provided greater availability to fuel the expansion goals of the apparel company. By understanding the unique needs and growth potential of the apparel business, coupled with strong financial expertise, eCapital was able to successfully increase its asset-based loan from $12MM to $16MM. This increased facility provided the company with the funds needed to support and grow its business.

“We are thrilled to fulfill our client’s immediate financial requirements, and support their growth objectives,” Brian Cuttic, CEO, Asset-based Lending at eCapital said. “At eCapital, we take pride in our ability to deliver creative and flexible financial solutions customized to the unique needs of each of our clients. This $16MM asset-based loan exemplifies our dedication to supporting our client’s growth and success. We look forward to seeing our client achieve remarkable growth and sustained success with the support of our new strategic financial partnership.”

About eCapital Corp.
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have access to the funds they need to do more. Through its Transportation, Healthcare, Consumer Goods, Staffing, Factoring, and ABL divisions, eCapital delivers customized funding solutions in over 80 industries. To learn more about eCapital, visit eCapital.com.
 
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