TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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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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How to be a Good Leader
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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December 10, 2024
Source: eCapital Corp.
MIAMI, Dec. 10, 2024 – eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announces a combined $5 million confidential factoring facility to support the turnaround and growth of two nutraceutical and health supplement companies. The businesses faced financial setbacks following the loss of a key distribution line, resulting in liquidity challenges and operational constraints.
Using both store and direct-to-consumer distribution models, the companies serve thousands of customers across North America while leveraging their Canadian operations to reach global markets. Specializing in high-quality oils, liquids, and encapsulated goods, they provide health-focused products to a diverse clientele.
The funding from eCapital provides the working capital needed to stabilize operations, maintain cash flow, and drive recovery efforts. Leveraging credit-insured accounts receivable, eCapital delivered a tailored financing solution that supports sustained operations, unlocks growth opportunities, and ensures the companies continue serving their broad customer base.
“These companies are leaders in the nutraceutical space, recognized for their commitment to quality and service across North America and beyond,” said Tom Siska, Head of Sales, Commercial Finance at eCapital. “We are proud to partner with them, providing a tailored financing solution to help navigate challenges, accelerate recovery, and build a stronger future.”
This financing underscores eCapital’s dedication to empowering recovery and fostering long-term success for businesses across most industries.
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 800 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.