Tailored financing solution
How eCapital helped New World Stainless manage their receivables.
When searching for invoice financing, many businesses encounter providers that lack the tools, support, or experience to deliver a quality solution. New World Stainless was one of those businesses—initially partnered with a provider that caused more problems than it solved.
After years of frustration and operational setbacks, CEO Joe Zielinskie turned to LSQ (now eCapital) and found more than just funding—he found a long-term partner that became an essential extension of his business.
THE CHALLENGE
Founded in 2009, New World Stainless manufactures welded stainless steel tubing for the oil and gas industry and had grown steadily until the 2015 industry downturn. To manage cash flow, Joe secured a factoring line through a local bank—but the experience quickly soured.
Without an online portal, limited customer service, and excessive reporting demands, the process became inefficient and stressful. When a critical loan payment was missed due to a forgotten transfer by the banker, Joe knew it was time for a change.
LSQ (eCapital) has served to be my safety net in terms of day-to-day operation. If I need something, I know your folks are there. Our cash flow is not always level. There are peaks and valleys, and we make use of LSQ (eCapital) when we hit the valleys.”
Chief Executive Officer
Joe Zielinkskie
THE SOLUTION
In 2016, Joe partnered with eCapital to finance receivables with an 85% advance rate and access to over-advances when needed. This flexible funding allowed him to navigate cash flow peaks and valleys with confidence and ease.
The eCapital Dashboard streamlined his daily operations, cutting administrative time from hours to minutes. With just a few clicks, Joe could check availability, monitor collections, and submit funding requests—all in real time.
THE STORY
Beyond capital, Joe gained a responsive, knowledgeable eCapital account team that provided strategic insights and hands-on support. From analyzing customer creditworthiness to solving complex funding scenarios, eCapital became a trusted advisor.
Today, Joe considers eCapital more than a lender—he sees them as an integral part of his operations. “You’ve been so helpful and valuable to what we’re doing here that I’ve grown to consider LSQ (eCapital) as a segment of our organization,” he said.
“Now it only takes 15 minutes. I pull up LSQ (eCapital) to check my availability, check collections, and to make funding requests. The time that I spend working with LSQ (eCapital) is always productive.”
Explore the solutions that helped with cash flow restraints for New World Stainless
ACCOUNTS RECEIVABLE FINANCING
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