Global Merchant Fund, Corp. (now eCapital Corp.) announced the funding of a $3,000,000 ABL revolving credit facility to a Northeastern US manufacturer of jewelry and other consumer products.
This manufacturer is a portfolio company of an investment group who was looking to find more flexible and creative financing for this “turn around” opportunity. The CEO of this New York based distributor of jewelry and other predominantly woman’s consumer products remarked that “Global Merchant Fund designed a way to support our efforts as we continue the implementation of our business plan and growth.” Barry Kastner, Global Merchant Fund’s Senior Managing Director, said “we were impressed with the company’s management team and the support of its ownership. Global Merchant Fund, Corp. structured a credit facility that provides additional liquidity and is flexible enough to see the business through its seasonal cycles”.
Founded in 2006, Global Merchant Fund, Corp. is a provider of domestic and international financing solutions for growing mid-sized businesses across a wide variety of industries and geographic locations. Global Merchant Fund, Corp. helps clients succeed through their supply chain finance, factoring, purchase order and asset-based lending programs with a focus on international trade. Global Merchant Fund, Corp. has principal operations in Toronto Canada, Miami and Ft. Lauderdale FL, and New York NY.
ABOUT eCapital
Since 2006, eCapital has been on a mission to change the way small to medium sized businesses access the funding they need to reach their goals. We know that to survive and thrive, businesses need financial flexibility to quickly respond to challenges and take advantage of opportunities, all in real time. Companies today need innovation guided by experience to unlock the potential of their assets to give better, faster access to the capital they require.
We’ve answered the call and have built a team of over 600 experts in asset evaluation, batch processing, customer support and fintech solutions. Together, we have created a funding model that features rapid approvals and processing, 24/7 access to funds and the freedom to use the money wherever and whenever it’s needed. This is the future of business funding, and it’s available today, at eCapital.
eCapital Corp
eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, asset-based lending and equipment refinancing. Headquartered in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.