Tailored financing solution
How eCapital helped this staffing company with their explosive growth.
Access to reliable, affordable working capital is critical for companies navigating today’s volatile global supply chains. When a major U.S.-based commodities exporter needed to strengthen cash flow and support its supplier base, a unique partnership was formed.
Together, the Export-Import Bank of the United States (EXIM), Huntington Bancshares Incorporated, and LSQ (now eCapital) launched an innovative supply chain finance (SCF) program to help keep production running, employees working, and shipments moving—for both the exporter and its suppliers.
THE CHALLENGE
Even before the pandemic, the exporter was seeking ways to enhance its working capital position and better support its network of small and medium-sized suppliers. As COVID-19 hit, traditional bank-led SCF programs became increasingly difficult to access—particularly for commodity businesses.
This strained the exporter’s ability to offer predictable cash flow to suppliers, creating downstream risk across the entire supply chain. Without capital, both the exporter and its suppliers faced serious disruption.
eCapital is a leader in end-to-end working capital and payments solutions, combining innovative and intuitive technology, on-demand financing, and a data-driven understanding of credit and risk. eCapital simplifies commercial finance through accelerated payment terms, clear visibility into the entire AR/AP process, and flexible credit decisioning.
THE SOLUTION
To address the issue, EXIM, Capital, and Huntington came together to structure a $200 million SCF facility backed by EXIM’s Supply Chain Finance Guarantee Program. The program provides up to a 95% advance rate on receivables, dramatically lowering risk for lenders and making capital more accessible and cost-effective for exporters.
In August 2020, EXIM’s board approved the facility, enabling eCapital and Huntington to purchase the exporter’s receivables and ensure earlier payments to 50–60 U.S.-based suppliers. This partnership offered predictable liquidity and improved financial resilience throughout the supply chain.
THE STORY
Since implementation, the SCF program has helped the exporter maintain a healthy, stable supply chain and supported 700 jobs across 17 states. The program was renewed in 2021 with a reduced 90% advance rate, reflecting improved conditions for both the exporter and the broader industry.
With support from EXIM, eCapital, and Huntington, this initiative has proven to be a scalable model for how public-private partnerships can drive supply chain resilience, protect jobs, and strengthen U.S. exports during times of uncertainty.
Founded in 1866 as The Huntington National Bank, today Huntington Bancshares Incorporated still operates from the same Columbus, Ohio founding location in the heart of the Midwest. As of June 9, 2021, TCF National Bank joined The Huntington National Bank. The combined company has approximately $175 billion in assets, $142 billion in deposits, and $116 billion in loans, based on March 31, 2021 balances.
Explore the solutions that supported the growth strategy for this staffing company
SUPPLY CHAIN FINANCING
Flexible financing solutions to help businesses improve cash flow, and unlock capital for growth.
