Miami – July 31, 2023 – eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
With its latest increase, eCapital’s total bank facility commitments now exceed $1.4 billion. This enhanced capacity allows eCapital to extend its offering of customized working capital solutions to an even greater number of SMBs. Powered by its proprietary technology, eCapital’s scalable and flexible financial solutions, together with the Company’s extensive financial and sector-specific expertise, help SMBs in over 80 industries get access to the funding they need.
“We are witnessing increased deal flow indicative of the dynamic state of today’s market and bank conditions. Seizing this opportunity, we are proactively bolstering available liquidity to capitalize on our position,” said Marius Silvasan, CEO of eCapital. “With this increase in facility size and our breakthrough technology, we empower SMBs with unmatched access to capital, enabling them to grow and thrive in any market.”
About eCapital Corp.
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. 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 such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have access to the funds they need to do more. Through its Transportation, Staffing, Consumer Goods, Healthcare, Factoring, and ABL divisions, eCapital delivers customized funding solutions in over 80 industries. To learn more about eCapital, visit eCapital.com.