MIAMI – August 17, 2022 – eCapital Corp. (“eCapital”), a leading alternative finance provider in North America and the U.K., today announced a $30 million working capital lending facility to a leading, multinational company in the oilfield services industry, completed under eCapital’s Commercial Finance division.
To strengthen its competitive edge in the market, the fast-growing business acquired several companies over the last few years in the U.S. and Canada, each with its own working capital facility. The eCapital asset-based lending line consolidates all funding streams to one lender, maximizing workflow efficiency. The funds will be used for ongoing working capital and to fuel the company’s rapid growth.
The eCapital Commercial Finance team is committed to supporting businesses with customized lines of credit that help them meet their goals and achieve long-term, profitable growth. With international reach and expansive expertise in multiple sectors, eCapital is uniquely positioned to facilitate financing solutions for companies experiencing growth both domestically and abroad.
“This was a large and complex cross-border deal involving multiple companies and the team knocked it out of the park,” said Brian Cuttic, Managing Director, Commercial Finance. “I’m incredibly proud and grateful to our team that worked together tirelessly up until the very end to make it happen.”
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 650 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 financing, eCapital ensures businesses have the funds they need to do more. Through its Freight Factoring, Commercial Finance, Staffing and Asset-Based Lending divisions, eCapital and subsidiary company, CNH Finance, deliver customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.