Ontario Freight Carrier Obtains $1.25MM Factoring Facility

eCapital delivered a $1.25 million freight factoring facility to an Ontario-based transportation company.

The business was looking for a dependable way to access the value of its receivables sooner. Through the new facility, eligible freight invoices can be converted into readily available funds, reducing the delay between completing deliveries and receiving customer payments.

The financing provides the carrier with greater cash flow flexibility to manage the ongoing demands of its operations.