MIAMI, November 25, 2024 – eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has secured a $45 million asset-based lending (ABL) facility for a privately held energy services company based in Texas.
The client, a leader in specialized well services, provides technology-focused products across the energy sector. After six months with a previous lender that could not meet their growing requirements, the client transitioned to eCapital on the recommendation of a trusted private equity partner. Despite the costs associated with exiting their prior agreement, the client chose eCapital for its ability to offer scalable and flexible financing. By leveraging accounts receivable and equipment, eCapital enhanced the client’s financial capacity, enabling them to seize new opportunities and continue expanding in a competitive market.
“When the client’s previous lender was unable to keep pace with their evolving needs, we stepped in to understand their unique challenges and structured a comprehensive deal that addressed their immediate liquidity requirements while supporting their drive to scale,” said Brian Cuttic, CEO, ABL at eCapital. “The trust placed in our team speaks to our focus on delivering finance strategies that empower our clients to thrive.”
eCapital’s client-centric approach reinforces its role as a trusted partner for asset-intensive businesses, where agility and alignment with their growth objectives are critical to success.
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, payroll funding, and equipment refinancing, 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.