MIAMI –May 8, 2024 – eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom is pleased to announce the recent closure of a $3.5 million confidential factoring facility to a heritage Canadian Organic Food Manufacturer.
With a legacy spanning over 40 years, the manufacturer, once the pioneering brand in its category, sought to revitalize its prominence in the industry. Referred to eCapital by one of its esteemed Accountant partners, the client sought a flexible working capital finance solution to bolster its cross-border operations. Recognizing the importance of agility and adaptability in today’s competitive landscape, especially in managing Canadian and U.S. receivables, eCapital swiftly responded to the client’s needs by structuring a bespoke financing arrangement.
The innovative solution crafted by the eCapital team integrated confidential invoice factoring with inventory financing, providing the client with the necessary liquidity to support its day-to-day operations and growth initiatives. By leveraging its extensive experience and industry knowledge, eCapital was able to address the client’s cash flow requirements effectively while ensuring confidentiality and supporting client relationships in both the U.S. and Canada.
Tom Siska, SVP, Commercial Finance at eCapital commented, “Our growing reputation for expertise in facilitating cross-border deals and working closely with clients to set achievable plans to ensure their success was key in this collaboration. The referral from a trusted source further accelerated our process, as the client had confidence in our ability from the start. Our ability to tailor flexible financing solutions, coupled with our commitment to delivering exceptional service, underscores our dedication to empowering businesses and driving positive outcomes.”
This collaboration exemplifies eCapital’s mission to cultivate enduring partnerships and deliver tangible value to its clients.
About eCapital Corp
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 700 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.