eCapital Commercial Finance, a division of eCapital, provided a $2 million factoring facility to a hard seltzer provider to support its increasing production demands.
This hard seltzer provider will be utilizing the $2 million factoring facility to facilitate its growth since its inception in 2019.
Not only will eCapital match the company’s need for working capital today, it also will provide future financing for the company.
“The hard seltzer industry is expected to grow substantially in the coming years,” David Ciccolo, president of eCapital Commercial Finance, said. “We are excited to deliver the financing solutions required to assist this supplier in increasing its operations and production and help them reach their goal of becoming a larger player.”
eCapital is a North American alternative financing solution provider for small and medium businesses.
