Asset Based Lending
$500,000
FUNDED- DATEJuly, 2024
- DIVISIONConsumer Goods
- CATEGORYInvoice Factoring
Greely, ON
eCapital Provides $500K Factoring Facility to Boost Growth for North American Industrial Goods Retailer
This growing online retailer specializing in high-quality industrial products and equipment serves a diverse customer base across construction, agriculture, manufacturing, recycling, and waste management. The company sought to expand its customer base and accelerate growth. By partnering with eCapital, the company was able to refinance its existing bank line of credit and secure additional funding to support its expansion plans. This new facility will enable the company to invest in inventory, marketing, and operations to drive continued success.