MIAMI, October 23, 2026 — eCapital Corp. (“eCapital”), an AI-powered fintech company building the next generation of specialty finance, has provided an $18 million asset-based lending facility to a Southern U.S.-based manufacturer of forged steel components serving the oil and gas, power generation, and industrial markets. The financing strengthens liquidity to support the company’s ongoing turnaround and future growth objectives.
Operating in a capital-intensive industry, the manufacturer required a financing partner capable of providing increased borrowing availability within an expedited closing timeline. The transaction also presented specific structural considerations, including a partial repatriation of sponsor equity and the use of an existing equipment appraisal. Addressing these requirements called for a lender with the experience to evaluate the company’s assets within the context of its turnaround strategy.
Referred by a longstanding debt advisor relationship, the company selected eCapital through a competitive process for its understanding of the business and ability to deliver a flexible financing solution. After meeting with management and touring the facility, eCapital tailored the $18 million facility to the company’s specific needs, providing enhanced advance rates on accounts receivable and additional borrowing capacity against inventory, while accommodating a partial sponsor equity repatriation and leveraging an existing equipment appraisal to support a timely closing.
“Turnaround situations require a financing partner who understands the business and can respond to its evolving requirements,” said Michael Conrad, SVP, Business Development Officer at eCapital. “Our ability to align the financing with management’s objectives was critical to delivering the liquidity needed to move the business forward.”
“Transactions of this nature require a disciplined approach to collateral evaluation and the agility to structure around complex financing requirements,” said Steve Silver, Head of Sales, ABL at eCapital. “By recognizing the value of the company’s receivables and inventory, we were able to maximize borrowing availability while accommodating the nuances of the transaction.”
About eCapital
eCapital Corp. is an AI-powered fintech company transforming how businesses access and manage working capital. The company serves businesses across the United States, Canada, and the United Kingdom through a broad range of financing solutions, including asset-based lending, receivables finance, payroll funding, supply chain finance, and other customized financing products. Through its proprietary platform, eCapital combines data, decisioning, funding, and servicing to deliver faster, more flexible financing across the business lifecycle. Since its inception, eCapital has funded more than 44,000 clients and delivered over $144 billion in capital across 80+ industries. eCapital is building the next generation of specialty finance, one that is more intelligent, connected, and responsive to the needs of modern business. To learn more, visit ecapital.com.
