Consumer Goods Michigan
eCapital Creates $3MM AR Facility for Florida-based Internet Service Provider
Transaction Details
- $3MMFUNDED
- Accounts Receivable Financing
PRODUCT- Technology
INDUSTRY- Florida
LOCATIONJune, 2024eCapital, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for a Florida-based fixed wireless internet provider.
The company was referred to eCapital by a wealth management partner.
As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management.
“The company is on track for remarkable growth, and the added working capital and services from this facility provide the essential tools to take advantage of available opportunities,” said DJ Krystopa, eCapital Senior Regional Vice President. “We are grateful for the trust placed in eCapital by the referrer and the company as a partner in their 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