MIAMI – December 7, 2020 –eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative financing solution provider for small and medium businesses, today announced it has provided a $2 million factoring facility to a hard seltzer provider to support its increasing production demands. The beverage provider selected eCapital due to its experience in funding solutions for the alcoholic beverage industry and ability to provide fast access to working capital.
This hard seltzer provider will be utilizing the $2 million factoring facility to facilitate its rapid growth since its inception in 2019. Not only will eCapital match the company’s need for quick access to working capital today, but it will also provide increased future financing needed for the company to advance its position in the emerging hard seltzer ecosystem.
“The hard seltzer industry is expected to grow substantially in the coming years,” said David Ciccolo, president of eCapital Commercial Finance. “We are excited to deliver the financing solutions required to assist this supplier in increasing its operations and production to help them reach their goal of becoming a larger player.”
About 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 alternative financing solutions like invoice factoring, factoring lines of credit and asset-based lending. Through its Commercial Finance and Freight Factoring divisions and its portfolio company Gerber Finance, Inc., eCapital offers alternative finance solutions to a broad set of industries. Based in Miami, Florida, eCapital is an innovative leader in providing flexible, customized funding to businesses. For more information about eCapital, visit eCapital.com.
Laura Stadler, eCapital Corp.
Source: eCapital, Corp., 20807 Biscayne Blvd., Suite 203, Aventura, FL 33180