Pennsylvania

eCapital Creates $6MM AR Finance Facility for Pennsylvania IT Services Firm

eCapital, a leading provider of working capital and payments management solutions, recently originated a $6 million accounts receivable credit facility for a Pennsylvania-based IT services provider.

The company was referred to eCapital by a strategic banking partner. The additional working capital will be used to pay off an existing line of credit and support new services offerings and other growth opportunities.

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

“As the economy continues to change, we are seeing a greater need for working capital for businesses looking to grow,” said eCapital Regional Vice President DJ Krystopa, “and as companies like this one outgrow their existing lines of credit, they have to find new levers to pull to maintain liquidity. AR finance is a great option.

“I’m thankful for the trust that the client has put in us to support them and for the bank partner who made the introduction.”

eCapital offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes ranging from $250,000 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.