Asset Based Lending
$2,000,000
FUNDED- DATEApril, 2024
- DIVISIONTransportation
- CATEGORYFreight Factoring
Taber, AB
eCapital Provides $2MM Confidential Factoring Line of Credit to Canadian Transportation Company
This Alberta-based trucking company needed to secure alternative financing quickly to maintain operations after breaching covenants with their bank. The company’s bank and CFO reached out to eCapital for a working capital financing solution. Through a collaborative effort, eCapital partnered with an equipment financing company to create a customized finance solution. This strategic deal not only met the company’s immediate needs but also laid the groundwork for future success, ensuring their fleet stays on the road and business keeps moving forward.