Healthcare United States
eCapital Creates a $7.5MM AR Facility for Telecom Services Firm
Transaction Details
- $7.5MMFUNDED
- Accounts Receivable Financing
PRODUCT- Technology
INDUSTRY- Florida
LOCATIONApril, 2023eCapital, a leading provider of working capital and payments management solutions, recently originated a $7.5 million credit facility for a Florida-based telecom field services firm. The company will use the additional working capital to support current operations and growth.
As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management.
“The firm is poised for tremendous growth and by accelerating capital through this facility, they are going to be able to take advantage of the opportunities they have,” said eCapital Senior Regional Vice President Chris Collins. “We are proud the private equity group chose us to partner with them and we look forward to supporting them as they grow their platform.”
“We worked with the private equity group during the company’s acquisition to ensure everything was in order for them to hit the ground running,” said eCapital Senior Business Development Officer Kyle Rich. “Lately we have seen a dramatic increase in partnerships with private equity firms and family offices. They have unique needs and it’s gratifying helping their portfolio companies with the funding they need to operate and grow.”
eCapital offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes ranging from $250,000 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 eCapital 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