eCapital increased its syndicated bank facility supporting its eCapital Asset-Based Lending division, including eCapital Healthcare. Wells Fargo acted as the administrative agent for the facility while serving as joint lead arranger and joint book runner with Regions Bank. The facility increase brings eCapital’s total bank facility commitments to more than $1.2 billion.
“We are well capitalized and committed to providing flexible and personalized financing solutions to our rapidly growing client base,” Marius Silvasan, CEO of eCapital, said. “With this increase in facility size, we are well positioned to help even more companies via our breakthrough technology solutions that equip SMB’s the ability to access better, faster access to the capital they require to grow and thrive in any market condition.”