• $12,000,000

    FUNDED
  • DATEDecember, 2023
  • DIVISIONGovCon
  • CATEGORYAsset Based Lending
Selma, AL

Uniform Manufacturer Secures $12MM in ABL Funding from eCapital

The manufacturing company faced difficulties in meeting the covenants of their existing bank loan, which ultimately led to the termination of their credit line. After evaluating alternatives from various banks and lenders, eCapital was selected as their new financial partner with a customized and innovative solution that met their immediate working capital needs and set the stage for long-term success.

The inherent flexibility in the asset-based lending facility played a key role in the company’s decision to choose eCapital. By leveraging accounts receivable and inventory, eCapital provided the financial support needed to help the client rebuild their balance sheet, secure new contracts, and maintain their relationship with their existing bank for treasury services.

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