Consumer Goods Michigan
eCapital Provides $15MM Facility to South Florida Food Distributor to Support Growth
Transaction Details
- $15MMFUNDED
- Accounts Receivable Financing
PRODUCT- Food & Beverage
INDUSTRY- South Florida
LOCATIONJanuary, 2022eCapital, a leading provider of working capital and payments solutions, recently originated a $15 million credit facility to a new client. The client, a Florida-based food and beverage distributor, supplies seafood and beverages to the cruise ship industry and required increased cash flow to help grow its business.
“When the client needed to look for a new source of funding, a bank and broker partner referred them to us,” said Chris Collins, eCapital Southeast Regional Vice President. “Our team worked diligently to put this deal together and we are thankful for the referral and appreciate the opportunity to support a new client in an exciting industry.
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.
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- Accounts Receivable Financing