MIAMI, Jan. 17, 2025 — eCapital Corp. (“eCapital”), a leading tech-enabled provider of financing solutions for small and medium-sized businesses across North America and the United Kingdom, has extended a $35 million factoring facility to a prominent logistics provider. This funding unlocks essential working capital, enabling the client to address financial challenges and strengthen its role in the global supply chain.
The logistics company, which specializes in optimizing the container supply chain to facilitate international trade, has faced significant pressures over the past two years. These challenges reflect industry-wide declines in sales and rising operational costs. Additionally, its prior lender imposed a credit line cap due to compliance issues, restricting access to the capital needed to support growing demand and expand operations.
“Logistics businesses have faced considerable disruption in recent years, and we’re proud to offer a solution with real impact,” said Tom Siska, Head of Sales, Commercial Finance at eCapital. “By providing higher advance rates against their collateral and enhanced liquidity options, we enabled them to regain momentum.”
The client, previously working with another financing provider, encountered limitations in accessing adequate capital. In search of a partner capable of offering more robust and tailored funding solutions, they transitioned to eCapital to better support their objectives and position themselves for long-term success.
“eCapital’s expertise in transportation and logistics, combined with our ability to craft customized financing solutions, was key to their decision,” added Siska. “This new facility immediately unlocked the funds needed to enhance operations, invest in critical initiatives, and improve their competitiveness in a global market.”
eCapital continues to solidify its reputation as a trusted finance provider for transportation and logistics companies, leveraging innovative tools and industry expertise to deliver effective funding 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 850 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