Texas

eCapital Provides $5 Million Facility, AR and Credit Management Program to Texas Commodities Logistics Company

eCapital, a leading provider of working capital finance and payments solutions, recently originated a $5 million credit facility for a Texas-based commodities logistics company.

The firm will use the capital to fund growth with several of the country’s largest steel manufacturers. Prior to the new facility, the company had a relationship with eCapital through one of its customer’s supply chain finance programs.

“This is a perfect example of a client that had been working with eCapital to solve its working capital needs with one buyer, but needed support with its other customers,” said Vikas Shah, eCapital Chief Revenue Officer. “Now they have a comprehensive solution with eCapital FastTrack that will allow them to manage all of their receivables in one place and combine AR and supply chain finance to grow their business.”

“Growing this facility is proof positive that the client is happy with the service that we offer – from the affordable funding to the usability and efficiency of the platform,” said eCapital VP/Business Development Officer Kyle A. Rich. “We are excited for their growth possibilities and the part we can play in it.”

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.