TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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SFNet's 40 Under 40 Award Winners Panel Recap
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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Audit Prep: Why a Paperless Approach Makes Sense
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December 14, 2021
Source: eCapital Commercial Finance
The Asset-Based Lending division was able to provide a full-service financial solution to support the Texas company’s growth
MIAMI, December 13, 2021 – eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division today announced the issuance of a $15,000,000 asset based lending credit facility to a Dallas-based frozen foods manufacturer.
The private company needed a full-service financial solution to provide them with working capital, equipment and a cap-ex 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 are an industry leader and manufacture goods for consumer-packaged goods, retail grocery companies and quick-service restaurants, 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 a full-service solution to keep this industry leader on pace to achieve their growth projections and have the consistent working capital to increase their financial agility,” 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.
