MIAMI – April 27, 2023 – eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., today announced that eCapital Healthcare delivered funding to businesses in the healthcare industry during the first quarter of 2023. The transactions, ranging from $1MM to $15MM, represent eight working capital loans and one senior housing RE bridge loan.
These customized financial solutions have become increasingly important as healthcare organizations face greater challenges in accessing funding due to economic conditions and banks reaching their lending limits. The loans are being used not only for working capital, refinancing, and bank exits but also to support the businesses’ operations and growth. In this context, the company’s expertise in providing flexible and timely healthcare financial solutions has been vital for healthcare providers across the skilled nursing, rehabilitation services, and nursing facilities sectors of the industry.
“We continue to see a critical need for agile financing solutions in the healthcare industry, so healthcare providers and facilities have the necessary funds they need to operate and deliver the level of service on which our communities rely,” said Tim Peters, CEO of the Healthcare Division at eCapital. “We remain committed to supporting these providers through tailored solutions and loan parameters that quickly give them the funding they need.”
Established in 2022 following eCapital’s acquisition of CNH Finance, a leading specialty lender in the healthcare space, eCapital Healthcare leverages a unique combination of deep industry expertise and proprietary technology to deliver innovative, customized working capital solutions that meet the unique needs of providers in the healthcare industry.
About eCapital Healthcare Corp. (“EHC”)
Through its acquisition of CNH Finance, eCapital Healthcare has been providing revolving lines of credit, term loans & real estate bridge loans to middle and lower middle market healthcare companies throughout the United States since 2011. EHC utilizes its proprietary healthcare lending software to efficiently provide loans from $1.0 million to $50 million to companies in all stages of the business cycle.
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, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Staffing, Wellness, Healthcare, Factoring and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.