• $1,500,000

    FUNDED
  • DATEMay, 2024
  • DIVISIONBusiness Services
  • CATEGORYInvoice Factoring
Theodore, AL

eCapital Funds Alabama Industrial Maintenance Company with $1.5MM Invoice Factoring Facility

This Alabama-based company specializes in routine maintenance services to ensure the optimal performance of its clients’ industrial equipment. However, the company faced the common challenges of a service-based business, with a need for immediate access to working capital to manage day-to-day operations efficiently.

Recognizing this need, eCapital designed a customized invoice factoring facility that provides access to capital upon completion of services. This frees up working capital previously tied up in outstanding invoices, allowing the company to seamlessly manage payroll, invest in equipment upgrades, and pursue new client opportunities.

Invoice factoring offers a significant advantage for service-based businesses by bridging the gap between completing work and receiving payment. This allows companies like this Alabama-based industrial maintenance provider to operate with greater financial flexibility, invest in their future, and focus on delivering exceptional service to their clients.

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