Tailored solutions for expanding organizations
Rapid growth required the need to secure a flexible funding solution to fulfill the financial obligations of meeting payroll and paying critical vendors.
eCapital customized an invoice factoring facility tailored to meet the exact needs of this expanding organization. Providing a high advance rate solution, eCapital works in the background to ensure reliable funding with little impact on the client’s administration resources.
“Onboarding was a smooth transition, funding is dependable and easy to manage – it is a good working relationship!”
“With a non-disclosed facility in place, eCapital keeps a low profile from our customers. They are our hidden partner.”
This Bellevue, Washington-based staffing agency services the energy and infrastructure sector placing highly experienced candidates on a contract, permanent and fixed term contract basis. As part of a global organization, the agency’s North American division currently generates sales exceeding $4.75MM and employs over 110 professionals.
The agency was initially onboarded in 2019 with a $3MM facility. As business grew, so did funding – the agency currently factors $6MM and is well positioned to expand further.
eCapital’s work practices, systems and tools are designed to facilitate easy working capital management with full transparency to ensure maximum control of finances. Aided with a robust online account management portal, the client is able to monitor real time transactions, view credit limits and account balances to maintain full control of working capital needs.
“As they develop history and confidence with our customers, eCapital’s forward thinking team allow us the flexibility to push credit limits higher.”