eCapital, a provider of financing solutions for small and medium-sized businesses across North America and the United Kingdom, has extended a $35 million factoring facility to a logistics provider. This funding unlocks essential working capital, enabling the client to address financial challenges and strengthen its role in the global supply chain.
The logistics company’s prior lender imposed a credit line cap due to compliance issues, restricting access to the capital needed to support growing demand and expand operations.
“Logistics businesses have faced considerable disruption in recent years, and we’re proud to offer a solution with real impact,” Tom Siska, head of sales, commercial finance at eCapital, said. “By providing higher advance rates against their collateral and enhanced liquidity options, we enabled them to regain momentum.”
The client, previously working with another financing provider, encountered limitations in accessing adequate capital. In search of a partner capable of offering more robust and tailored funding solutions, the company transitioned to eCapital.
“eCapital’s expertise in transportation and logistics, combined with our ability to craft customized financing solutions, was key to their decision,” Siska said. “This new facility immediately unlocked the funds needed to enhance operations, invest in critical initiatives, and improve their competitiveness in a global market.”
