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The Secured Lender
SFNet's The Deals and Data Issue
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June 20, 2024
Source: eCapital Corp.
MIAMI – June 20, 2024 – eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the upsizing of an invoice factoring facility for a fast-growing startup food distributor specializing in supplying high-quality food products to Mexico. Demonstrating the agility of its financing solutions, eCapital increased the invoice factoring facility from $3 million in January 2024 to $5 million within six months. This increase in availability reflects the distributor's rapid sales growth and underscores eCapital's commitment to supporting high-growth businesses.
“We're thrilled to support the continued success of this start-up international food distributor through a facility upsize,” said Tom Siska, SVP, Commercial Finance at eCapital. “This case exemplifies the power of our flexible financing solutions. By having an invoice factoring facility that grows alongside a company's needs, we can empower startups to seize new opportunities and solidify their market position.”
The company was referred to eCapital by a trusted investment banker partner who recognized eCapital’s deep understanding of the international food distribution sector and proven track record in growth financing. Invoice factoring provided the necessary liquidity, allowing the distributor to bridge the gap between product delivery and customer payments, invest in inventory expansion, and meet the growing demand for their offerings in Mexico.
"eCapital's flexible and scalable approach to financing is instrumental to supporting rapid growth," continued Siska. "Given their current momentum, it's apparent they are on track for sustained success. We look forward to backing their efforts and celebrating their ongoing progress."
About eCapital Corp
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the United Kingdom. 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, healthcare receivables financing, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures that businesses have the funds they need to do more. Through its Healthcare, Transportation, Staffing, Consumer Goods, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.
