Asset Based Lending
$7,000,000
FUNDED- DATEOctober, 2024
- DIVISIONApparel
- CATEGORYAsset Based Lending
New York, NY
eCapital Delivers $7M Tailored ABL Financing for Women’s Apparel Company
A women’s apparel company based in New York sought a flexible financial solution to enhance its working capital. With a referral from their bank, they turned to eCapital, which provided a $7 million asset-based lending facility.
eCapital’s innovative approach to the borrowing base, which includes accounts receivable (AR) and inventory, allowed the company to access the necessary working capital to streamline operations and respond to market demands. This partnership empowers the apparel company to focus on growth and effectively meet the needs of its customers.