Asset Based Lending
$3,500,000
FUNDED- DATEAugust, 2023
- DIVISIONHealthcare
- CATEGORYAsset Based Lending
Midwest, USA
eCapital Supports Growth for Independent Midwest Pharmacy with $3.5MM Credit Line
This rapidly growing independent specialty pharmacy in the Midwest secured a $3.5 million senior secured revolving line of credit from eCapital, providing the company with the vital working capital needed to continue its upward trajectory.
This transaction underscores eCapital’s commitment to supporting the evolving healthcare landscape, particularly independent providers. The pharmacy, previously without an established lending relationship, found a valuable partner in eCapital. Expertise in healthcare financing, combined with a flexible approach to deal structuring, enabled eCapital’s healthcare team to tailor a solution that met the pharmacy’s specific needs. The revolving line of credit structure provides the much-needed capital for the pharmacy to expand its inventory and serve an even wider patient base.
By providing access to essential working capital, eCapital empowers independent pharmacies like this one to compete effectively and deliver exceptional care to their communities. This partnership demonstrates eCapital’s dedication to fostering innovation and growth within the healthcare sector.