eCapital funded a $16 million asset-based loan for a menswear brand apparel company.
The New York-based apparel company was seeking a new and reliable financing partner that could offer better pricing, higher advance rates and a more creative financial structure. After seeking guidance from its partner, the apparel company was introduced to eCapital.
eCapital delivered an asset-based loan structure that provided greater availability to fuel the expansion goals of the apparel company. eCapital increased the company’s asset-based loan from $12 million to $16 million. This increased facility provided the company with funds to support and grow its business.
“We are thrilled to fulfill our client’s immediate financial requirements, and support their growth objectives,” Brian Cuttic, CEO for asset-based lending at eCapital, said. “At eCapital, we take pride in our ability to deliver creative and flexible financial solutions customized to the unique needs of each of our clients. This $16 million asset-based loan exemplifies our dedication to supporting our client’s growth and success. We look forward to seeing our client achieve remarkable growth and sustained success with the support of our new strategic financial partnership.”
