MIAMI – November 6, 2024 – eCapital Corp. (“eCapital”), a tech-enabled leader in financing solutions for small and medium-sized businesses (SMBs) across North America and the U.K., announced today the successful upsizing of its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million. This upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with eCapital’s powerful growth outlook and vision for supporting the SMB market. The expanded ABL facility, one of three granted to eCapital, raises the company’s total banking capacity to close to $2 billion.
This $172 million increase follows an earlier expansion announced in October and marks the second major enhancement to eCapital’s ABL facility in 2024, underscoring investor confidence in the company’s growth trajectory. The additional capital will enable eCapital to better address the evolving financial needs of SMBs while advancing its own growth through investments in proprietary technology and innovative financing solutions.
“We’re privileged to have the ongoing support of Wells Fargo and our forward-thinking bank group who recognize our long-term vision and the transformative value we bring to the SMB market,” said Marius Silvasan, CEO of eCapital. “This expanded facility increases our ability to scale and continue to gain market share, driving success for both our clients and our company. The confidence of our banking partners strengthens our commitment to delivering innovative financing solutions in today’s dynamic market.”
About eCapital Corp
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the United Kingdom. By leveraging a team of over 800 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, healthcare receivables financing, asset-based lending and payroll funding, eCapital ensures that businesses have the funds they need to do more. Through its Healthcare, Transportation, Staffing, Consumer Goods, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.