Asset Based Lending
$1,000,000
FUNDED- DATEApril, 2024
- DIVISIONTransportation
- CATEGORYInvoice Factoring
Valencia, CA
eCapital Delivers $1MM Invoice Factoring Facility for California Courier
This Valencia, California-based courier and last-mile delivery company had recently acquired another firm. The exciting expansion put pressure on their working capital, threatening to slow down momentum. eCapital stepped in to provide a $1 million invoice factoring facility to immediately alleviate cash flow pressure and ensure the company has the resources needed to successfully integrate the acquisition and fuel continued growth.
The global last-mile delivery market is projected to reach a staggering $340.56 billion by 2032, driven by the surge in e-commerce and rising consumer demand for fast and reliable service. However, this explosive growth presents unique challenges for last-mile delivery companies. This final leg of the supply chain, often the most expensive and complex due to intricate logistics, route optimization, and seamless customer communication needs, also places a significant strain on working capital.
eCapital is uniquely positioned to address these challenges with its robust technology platform and proven track record in invoice factoring. “Last-mile delivery fleets operate in a fast-paced environment with high invoice volume,” says Amanda Bowman, SVP, Sales Director at eCapital. “Our automated and efficient invoice processing solutions ensure our clients receive the working capital they need quickly and easily, allowing them to focus on core business operations.”
By leveraging eCapital’s $1 million invoice factoring facility, the last-mile delivery company can optimize cash flow, invest in growth initiatives, and meet customer demands effectively. This partnership enables the company to navigate the dynamic last-mile delivery landscape and capitalize on the market’s immense potential.
“At eCapital, we’re continually innovating our technology to streamline the invoice factoring process for businesses of all sizes,” commented Tom Siska, SVP, Commercial Finance at eCapital. “This investment in the last-mile delivery sector reflects our commitment to providing solutions that meet the evolving needs of today’s dynamic business landscape. Our technology platform is specifically designed to handle high-volume transactions efficiently, ensuring our clients have the working capital they need to keep their operations running smoothly.”
As the factoring space evolves, eCapital remains at the forefront, continuously innovating its solutions to keep pace with the ever-changing demands of the market and empowering companies to achieve their full growth potential.