Healthcare United States
Partnering with Bridge, eCapital Creates $2MM Invoice Finance Facility for Georgia-based Firm
Transaction Details
- $2MMFUNDED
- Accounts Receivable Financing
PRODUCT- Staffing
INDUSTRY- Georgia
LOCATIONJanuary, 2025eCapital, a leading provider of working capital and payments management solutions, recently originated a $2 million accounts receivable credit facility for a Georgia-based staffing firm serving the lodging and hospitality industry.
The facility marks a significant milestone as it was the first deal closed through a new partnership between eCapital and Bridge. Bridge is a fintech platform focused on democratizing lending by giving businesses easy access to capital sourced from banks and alternative lenders. Through advanced technology, Bridge streamlines the loan search and application process while connecting borrowers with competitive financing options.
“Working capital is a critical driver for business growth, and we’re proud to collaborate with innovative partners like eCapital to deliver tailored solutions,” said Rohit Mathur, CEO of Bridge. “By combining our advanced technology with eCapital’s expertise, we ensure borrowers find the best financing options efficiently, empowering them to focus on scaling their businesses with confidence.”
As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management.
“We have long had a goal of providing small-to-medium businesses with access to financing options that meet their unique funding needs,” said Miguel Serricchio, Chief Channel Development Officer at eCapital. “Our partnership with Bridge – leveraging their innovative approach to that same goal – allows us to give more options to more businesses at a time when traditional financing options are becoming more restrictive.
“For our first funding to be to a minority business enterprise makes the efforts to bring this partnership to fruition even more satisfying.”
About This Transaction: This transaction was completed by LSQ before its acquisition by eCapital in late 2024. The details reflect the deal as originally announced at that time. Following the acquisition, aspects such as company branding, leadership titles, or organizational structure may have changed.
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- Accounts Receivable Financing