Maximizing working capital is critical to a business’ success, especially during the current lending crisis.
I’m Caleb Thompson, a business development officer at eCapital. Thanks for checking out my latest video update. In this episode, I’m going to focus on one of the most important, if not the most important, concern for any business and that’s money! So, let’s get started.
There is no doubt that businesses are facing a credit crunch. Recent bank failures have triggered a lending crisis where banks are focused on retaining deposits while restricting credit. This means that some small to medium-sized businesses will find it more difficult to qualify for or retain their current bank lines. The good news is that we partner with banks to help serve their clients credit needs. Rest assured that it is business as usual at eCapital. With over five billion dollars in commitments and a diverse well-managed portfolio, you can count on us as a reliable competitive source of financing. We are aggressively funding deals and ready to stand by and support small and medium-sized businesses with the most money to meet their goals.
So just how do we get businesses more money? Well, that’s where our flexibility and creativity shine! Our diverse product set means that we can maximize a company’s working capital in a variety of different ways. Here’s an example of how we recently helped a transportation company. We had a transportation company that was running 11 trucks. They had about an annual revenue of two million dollars, and they were factoring with another provider, but they needed to free up some cash flow to help run their business. Our factoring and equipment refinancing program offered a great solution. We were able to provide a 100% advance rate on their receivables and give them an additional line of credit of thirty thousand dollars through our Visa Commercial Credit program. We refinanced some of the loans on their trailers and we were able to save them over ten thousand dollars a month in payments. Our ability to combine multiple different financial products gave them even more money which they used to expand their fleet.
This is just one example of how eCapital takes a 360-degree approach to get companies more money. We’re proud of our flexibility, our innovation and our solution-based business focus. In the current freight market, it is more important than ever to find a capital partner that can serve your business for the long haul. at eCapital, we offer the industry’s best technology and most creative financial options for your transportation company. I’d welcome the opportunity to speak with any of you about how eCapital or your clients can do just that. Don’t hesitate to get in touch and let’s talk about how we can work together. I hope you found this information useful, and I look forward to bringing you my next update. Until then, all the best.