eCapital Creates $3.5MM Invoice Finance Facility for Hospitality/IT Staffing Firm

April, 2024

eCapital, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in the hospitality and IT industries.

The company was referred to eCapital by a bank partner. The additional working capital will be used to support their rapid growth with additional new contracts.

As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management.

“Staffing firms often face long payment terms and an inherently seasonal risk in the timing of their receivables and payables,” said eCapital Senior Regional Vice President Chris Collins. “Accelerating payment on their receivables with an invoice finance facility is a great way to counter those terms and mitigate some of the seasonal ebb and flow while allowing for unlimited growth.”

eCapital offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes up to $200 million. We can help companies of all sizes and stages solve for high growth, challenged credits, tripped covenants, high debtor concentrations and bankruptcies.

About This Transaction: This transaction was completed by LSQ before its acquisition by eCapital in late 2024. The details reflect the deal as originally announced at that time. Following the acquisition, aspects such as company branding, leadership titles, or organizational structure may have changed.