Illinois

eCapital provides $1.2MM ABL Facility to Support Skilled Nursing Facility Transition

A skilled nursing group operating two SNFs in Illinois secured a $1.2M asset-based lending (ABL) facility from eCapital to support working capital needs and ensure a smooth Change of Ownership (CHOW) process.

With extensive experience in healthcare financing and CHOW transactions, eCapital provided a tailored solution to maintain financial stability throughout the transition. The flexible funding allowed the group to manage operational expenses while navigating the complexities of ownership change.

eCapital’s industry expertise and customized approach helped streamline the CHOW process, ensuring the skilled nursing facilities had the necessary capital to continue delivering quality care and maintain seamless operations.