Asset Based Lending
$1,250,000
FUNDED- DATEJune, 2024
- DIVISIONGovCon
- CATEGORYInvoice Factoring
Fort McMurray, AB
Goverment Contractor Gears Up for Growth with $1.25MM Confidential Factoring Facility
A Fort McMurray, Alberta-based government contractor specializing in maintenance and services for local government and community organizations secured a $1.25 million confidential factoring facility from eCapital. Referred by a trusted equipment finance broker, this solution replaces the company’s existing bank line and offers several advantages:
- Increased Availability: The facility provides greater access to working capital.
- Enhanced Flexibility: The solution allows for more flexibility in how the company manages their funds.
- Scalability for Growth: The facility can increase alongside the company’s revenue, ensuring they have the capital needed to fulfill new contracts and support their growth trajectory.
This successful partnership between eCapital, a trusted referral partner, and the government contractor exemplifies eCapital’s commitment to providing customized financial solutions that empower businesses to achieve their goals.