Consumer Goods Michigan
Empowering a fleet carrier: $650K freight factoring facility
Transaction Details
- $650KFUNDED
- Freight Factoring
PRODUCT- Transportation
INDUSTRY- Ontario
LOCATIONJune, 2025A dedicated Ontario specializing in flatbed and step-deck transportation for construction materials faced challenges in managing cash flow due to expend payment terms from shippers. Operating a fleet of 10 trucks, the company required a financing solution that aligned with its operational needs.
eCapital provided a $650,000 freight factoring facility, enabling the carrier to convert outstanding invoices into immediate working capital. This solution allowed the company to maintain steady operations, meet payroll obligations, and invest in fleet maintenance, ensuring timely deliveries and sustained growth in a competitive construction logistics sector.
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- Freight Factoring