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From Potential Standstill to Full Speed Ahead: eCapital Provides $500K Freight Factoring Facility to Turnaround Abbotsford Fleet

Transaction Details

$500K
FUNDED
PRODUCT
Transportation
INDUSTRY
Abbotsford, BC
LOCATION

September, 2023

Facing a working capital crunch, this transportation company in Abbotsford, BC, with a fleet of 35 trucks, was on the brink of closure. eCapital stepped in to provide a critical solution. By collaborating with the company’s bank, eCapital facilitated a successful buyout that secured the company’s future. The $500,000 freight factoring facility provided the transportation company with immediate access to essential working capital, putting them back on the road to success.