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eCapital Provides $20MM Working Capital Line of Credit to Popular Consumer Packaged Goods Company

By 10.27.22November 30th, 2022No Comments
eCapital Provides $20MM Working Capital Line of Credit to Popular Consumer Packaged Goods Company

Funds will Support Seasonal Needs and New Product Plans

MIAMI – October 27, 2022eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., today announced the recent closure of a $20 million working capital line of credit to a prominent consumer packaged goods (CPG) company in the natural odor elimination category.

As the category leader, the company needed a financial solution that would accommodate its peak seasonal needs while also providing the working capital for its expanding product portfolio and entry into new markets. The rapidly growing company recently entered multiple product categories by launching products that bring natural odor eliminating alternatives to more areas of the home and for personal care. With plans to continue innovating at a fast pace, the customer sought a partner that would be quick to respond and flexible in meeting its needs.

eCapital’s Commercial Finance team expertly identified and delivered a solution to address the unique needs of this evolving odor elimination business. As a result, the customer has fast access to the working capital they need to not only operate today but accelerate their business for the future. With the funding, the company can focus its energy into growing the business, continuing to introduce and market new products in the dynamic and innovative ways for which it is known.

“This deal demonstrates our team’s ability to be nimble, we were able to respond quickly to address the company’s needs and come through with the working capital when traditional financing was slow to respond and couldn’t deliver,” said Brian Cuttic, Managing Director, Asset Based Lending at eCapital. “We’re proud to support this company, known for its innovative way of doing things while always staying true to its vision and identity, a philosophy and approach that we deeply relate to at eCapital.”

 

About eCapital Corp.

eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment financing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Staffing, Wellness, Healthcare, and Commercial Finance divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.

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eCapital Commercial Finance (eCapital) is a leading invoice financier providing funding facilities up to £3m to support the growth of SMEs through the provision of flexible working capital facilities. The business has grown significantly since its launch in 2001, providing over £4 billion of funding to businesses. It is majority owned by eCapital, a US based financial services business with interests in the USA and Canada.

For more information, visit www.ecapital.co.uk
You can also follow us on Twitter: https://twitter.com/eCapital and LinkedIn: https://www.linkedin.com/company-beta/1861616/