MIAMI, September 6, 2024 – eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the successful funding of a $10 million secured revolving line of credit for a growth-oriented home healthcare and hospice organization in California. This financing will enable the company to strengthen its financial position as it continues to provide essential healthcare services.
The company sought refinancing after facing limitations with its previous lender, prompting it to explore alternative financing solutions. As a leading provider of specialized financing solutions for the home healthcare and hospice industry, eCapital was approached for its deep understanding of the unique challenges and complexities associated with managing Medicare and Medicaid accounts receivables, combined with a proven track record of successful transactions.
“In the healthcare sector, understanding the industry’s intricacies is crucial to structuring a deal that truly serves the organization’s needs,” said Steve Silver, Head of Sales, ABL, at eCapital. “Healthcare finance is not one-size-fits-all. The nuances of reimbursement cycles, regulatory compliance, and operational demands require a level of expertise that not every financer can offer. In this case, our ability to navigate these complexities allowed us to provide a refinancing solution that not only met the client’s immediate needs but also positioned them for sustained growth. We’re proud to be a go-to partner for healthcare providers who need tailored, insightful financial solutions.”
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 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products, including 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.