Consumer Goods Massachusetts
$900,000 Freight Factoring Facility Enhances Cash Flow for Established Transportation Company
Transaction Details
- $900KFUNDED
- Freight Factoring
PRODUCT- Transportation
INDUSTRY- Wisconsin
LOCATIONDecember, 2024A Wisconsin-based transportation company with 34 tractor-trailers dedicated to hauling dry goods locally and regionally, turned to eCapital to enhance cash flow. Operating since the 1970s, the company needed a flexible financing solution to support its operations and growth.
Through eCapital’s freight factoring solution, the company secured a $900K facility, providing them the financial stability needed to focus on its core trucking business. This dependable funding solution offered faster access to working capital, eliminated cash flow gaps caused by extended payment cycles, and included back-office support for invoice processing, allowing the company to dedicate more time to scaling its operations.
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- Freight Factoring