Asset Based Lending
$500,000
FUNDED- DATESeptember, 2023
- DIVISIONTransportation
- CATEGORYFreight Factoring
Abbotsford, BC
From Potential Standstill to Full Speed Ahead: eCapital Provides $500K Freight Factoring Facility to Turnaround Abbotsford Fleet
Facing a working capital crunch, this transportation company in Abbotsford, BC, with a fleet of 35 trucks, was on the brink of closure. eCapital stepped in to provide a critical solution. By collaborating with the company’s bank, eCapital facilitated a successful buyout that secured the company’s future. The $500,000 freight factoring facility provided the transportation company with immediate access to essential working capital, putting them back on the road to success.