We are pleased to have been able to support an established Essex based haulage company with a £250k invoice finance line to assist with cashflow and to provide funds to help reorganise its operations in anticipation of growth in the near future.
This business had seen a rapid demand for its drivers from a leading supermarket chain, fuelled by the Covid-19 crisis. Its previous funder had restricted funding availability by placing a cap on this key account.
Advantedge were able to step in and offer a replacement facility that funds this scenario in its entirety, enabling the business to add to its vehicle fleet, whilst giving it the means to cover the resulting increased overheads and to welcome back its furloughed staff much earlier than anticipated.
eCapital Corp
eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, asset-based lending and equipment refinancing. Headquartered in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.
