MIAMI – October 21, 2024 – eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the completion of a $50 million confidential factoring facility for a prominent staffing company specializing in power and energy. The company, which utilizes advanced technology and a client-centric strategy to simplify hiring and attract top talent, recently secured a major contract to provide Employer of Record (EOR) services for over 1,000 contractors with a leading energy company.
Facing financial challenges while expanding operations to meet the scale of its new contract, the company needed a funding solution that could adapt to its evolving needs. After being advised of eCapital’s expertise in staffing finance, the company engaged eCapital for its reputation and understanding of the sector’s nuances. Through diligent efforts and a relationship-driven approach, eCapital designed a confidential factoring solution, providing the working capital required for seamless growth and efficient contract fulfillment.
“Fluctuations in the staffing industry, particularly in the power and energy sectors, demand financial partners who truly understand the complexities of this business,” said Tom Siska, Head of Sales, Commercial Finance at eCapital. “Our deep expertise allows us to craft flexible solutions that not only address immediate financial needs but also support long-term stability. We enable staffing firms to navigate their growth trajectories confidently, ensuring they have the financial agility necessary to sustain large-scale operations and focus on retaining top talent.”
eCapital will be attending ASA Staffing World 2024, October 22-24, at the Gaylord Opryland in Nashville, TN, where its team will showcase how its innovative financing solutions continue to support staffing companies in achieving operational excellence and sustainable growth.
This partnership further demonstrates eCapital’s commitment to empowering businesses with industry-specific solutions, reinforcing its position as a leader in the staffing sector.
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 800 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.