Transportation Leader Secures $20 Million Factoring Facility with eCapital

July, 2024

This large private transportation company servicing clients across North America transitioned to eCapital after an extensive review of its prior financing setup, seeking a partner able to offer more robust and versatile funding solutions. With this new $20 million non-notification factoring facility, the company unlocks crucial liquidity, enabling investments in essential operations, fleet expansion, and optimization of supply chain services throughout the United States and Canada.

“We’re thrilled to collaborate with this prominent industry player and provide the financial backing necessary for their expansion,” said Tom Siska, SVP, Commercial Finance at eCapital. “This agreement highlights our capacity to deliver significant financing solutions to transportation companies. By unlocking capital that was previously inaccessible through their former factor, we’ve empowered them with greater financial agility and flexibility.”

“eCapital’s experience in the freight sector and our skill in crafting customized financing structures were pivotal in the client’s decision to partner with us,” continued Siska. “The new terms have not only provided immediate access to capital but also positioned the client for sustained growth and market competitiveness. Transportation fleets seek out our expertise to fund substantial transactions such as this, and we consistently deliver these large-scale solutions with proficiency and reliability.”