Asset Based Lending
$50,000,000
FUNDED- DATEOctober, 2024
- DIVISIONStaffing
- CATEGORYInvoice Factoring
Ontario, Canada
eCapital Delivers $50M Confidential Factoring Facility to Growing Staffing Firm
A prominent staffing company based in Ontario, CA, specializing in power and energy, secured a $50M confidential factoring facility from eCapital. The company was recently awarded a major contract to provide Employer of Record (EOR) services for over 1,000 contracts 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 deep understanding of the sector’s nuances. Through diligent efforts and a relationship-driven approach, eCapital tailored a confidential factoring solution that provided the working capital necessary to confidently expand operations and fulfill their large-scale contract requirements.