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How Factoring Companies are Dealing with COVID-19

By 09.10.20June 13th, 2024No Comments
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Last Modified : Jun 13, 2024

eCapital Freight Factoring president, Charles Sheppard, spoke with Commercial Factor magazine about the challenges facing factoring companies during the first five months of the COVID-19 pandemic.

“I think the question should be what hasn’t changed?” Sheppard pointed out. “Getting the whole workforce into a remote environment operating at the same level of efficiency definitely presented a series of challenges…We saw also some significant swings in volume.”

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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.

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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.