eCapital, a finance provider across North America and the U.K., closed a $15 million ABL revolving credit facility and a $2 million term loan to TalentBridge, a recruiting and staffing agency with offices across the U.S. The deal adds to eCapital’s deep portfolio and unmatched experience in the staffing industry.
The tight labor market has created a significant growth environment for TalentBridge, which serves local and global clients. A partner for employers seeking recruiting expertise, the company sought a financial partner to support its aggressive expansion.
“eCapital shares our passion for putting customers first, working to solve their pain points with industry-leading results,” Thomas C. Ioele, CEO of TalentBridge, said. “They delivered innovative solutions that no other lender offers, providing everything we need and more: fast access to funds and a collaborative partnership approach to help us continue to grow.”
“We are proud to partner with a recognized leader in the talent and staffing industry and leverage our expertise to help with their exponential growth,” Raphael Torres, managing director – staffing division for eCapital, said. “The TalentBridge team continues to provide outstanding talent solutions to a market which is in urgent need of specialized candidates, and we are honored to be a part of their effective approach to staffing.”
“This deal brings together two leaders in the talent industry and showcases our ability to provide a comprehensive set of funding solutions to an industry addressing a critical need for quality candidates,” Jeffrey Duclow, senior vice president and business development officer for eCapital Commercial Finance, said. “We are proud to create deep, collaborative relationships with our staffing clients to fuel their growth with flexible funding that supports their business needs and ultimate success.”
