California

eCapital Provides $30 Million Facility, AR and Credit Management Program to California Staffing / Technology Firm

eCapital, a leading provider of working capital financing and payments solutions, recently originated a $30 million credit facility for a Southern California-based security staffing and high-tech security technology company that serves clients across the United States.

The company will use the additional capital to fund growth for its three business entities and to support the hiring of military veterans.

As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management. The company recently outgrew its bank line of credit and was referred to eCapital by a Southern California-based partner.

“We are very excited to be working with a company with such high-growth potential,” said Kyle A. Rich, VP, Business Development at eCapital. “We are proud that the partner trusts us enough to make the referral and we look forward to a great, long relationship with the firm as they grow.”

“This client is a great addition to our already expanding portfolio of professional services and staffing clients as we experience strong demand from a wide ecosystem of trusted bank, broker and advisory partners,” said Renee Jackson, eCapital’s National Sales Director.