eCapital closed a $21 million working capital line of credit for an automotive company based in Southern California.
Operating for more than a decade, the company previously met its specialized funding needs via private investors. Now, with the support from eCapital for both general corporate and working capital needs, the company has the flexibility to pursue its long-term expansion goals.
“This deal is an exciting transaction for eCapital and represents our willingness to explore partnerships within the automotive vertical,” Brian Cuttic, managing director of eCapital, said. “We excel at understanding the unique requirements of this sector and have become known for customized funding solutions that are impacting the growth of businesses across North America and the UK.”
