Consumer Goods Michigan
eCapital Creates $2.5MM Invoice Finance Facility for Calif.-based Telecom Hardware Company
Transaction Details
- $2.5MMFUNDED
- Accounts Receivable Financing
PRODUCT- Technology
INDUSTRY- California
LOCATIONOctober, 2024eCapital, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company.
As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management. The client found themselves in a position where they needed the working capital on a short timeline, and eCapital was able to meet their end-of-quarter requirements.
“When we originally talked with the company, they were pursuing some different avenues for working capital,” said eCapital Regional Vice President Amarish Kapadia. “But after learning more about their business goals and current situation, an accounts receivable facility became the obvious choice to help them get where they want to be.
“It’s great working with clients who are flexible and open to exploring new options, and we are proud to be a partner in their future success.”
eCapital offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes up to $200 million. We can help companies of all sizes and stages solve for high growth, challenged credits, tripped covenants, high debtor concentrations and bankruptcies.
About This Transaction: This transaction was completed by LSQ before its acquisition by eCapital in late 2024. The details reflect the deal as originally announced at that time. Following the acquisition, aspects such as company branding, leadership titles, or organizational structure may have changed.
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- Accounts Receivable Financing