Asset Based Lending
$850,000
FUNDED- DATEJune, 2024
- DIVISIONTransportation
- CATEGORYFreight Factoring
Posen. IL
Chicago Fleet Speeds Up Cash Flow with $850K Freight Factoring Facility
A Chicago-based transportation company with a 45-truck fleet bolstered their operations and cash flow with an $850,000 freight factoring facility from eCapital. This returning client, familiar with eCapital’s commitment to providing competitive solutions for fleets, required a freight factoring solution to better address working capital needs. The facility provides them with fast access to cash tied up in outstanding invoices, ensuring smooth operations and supporting their ongoing growth. This successful renewal exemplifies the value eCapital places on building long-term partnerships with its clients.