NewsUpdates

eCapital syndicates 2nd Tranche of $100MM Supply Chain Program

By 05.15.20June 15th, 2022No Comments
Supply chain program
Last Modified : Jun 15, 2022

Global Merchant Fund, Corp. (now eCapital Corp.) as Lead Financier announced the completion of the second tranche of a $100MM Supply Chain Finance Program for a Southeastern US mobile technology company serving clients worldwide. Jeremy Bedford, Global Merchant Fund’s Vice President of Business Development & Syndications indicated that “this facility will enhance the company’s working capital position by extending payment terms well beyond those provided by the company’s key suppliers.” Funding for the remaining two tranches totalling $50MM should be completed within the next 90 days.

Founded in 2006, Global Merchant Fund, Corp. is a provider of domestic and international financing solutions for growing mid-sized businesses across a wide variety of industries and geographic locations. Global Merchant Fund, Corp. helps clients succeed through their supply chain finance, factoring, purchase order and asset-based lending programs with a focus on international trade. Its syndication department has completed thus far in 2018, nearly $200MM in transactions with Global Merchant Fund, Corp. as Lead Financier. Global Merchant Fund, Corp. has principal operations in Toronto Canada, Miami FL, Ft. Lauderdale FL, and New York NY.

ABOUT eCapital

Since 2006, eCapital has been on a mission to change the way small to medium sized businesses access the funding they need to reach their goals. We know that to survive and thrive, businesses need financial flexibility to quickly respond to challenges and take advantage of opportunities, all in real time. Companies today need innovation guided by experience to unlock the potential of their assets to give better, faster access to the capital they require.

We’ve answered the call and have built a team of over 600 experts in asset evaluation, batch processing, customer support and fintech solutions. Together, we have created a funding model that features rapid approvals and processing, 24/7 access to funds and the freedom to use the money wherever and whenever it’s needed. This is the future of business funding, and it’s available today, at eCapital.

eCapital Logo

eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, asset-based lending and equipment refinancing. Headquartered in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.