eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, has delivered a $20 million accounts receivable (AR) financing facility to support the expansion of a California-based motion-entertainment company.
Referred by a banking institution, the company turned to eCapital to access the working capital needed to meet demand and its goals to scale.
“Non-traditional industries are finding their way to eCapital as they grow beyond their boundaries. While a bank is often the first stop, it doesn’t have to be the last. Our trusted network knows that by working with us, they can ensure their clients get the right solution to keep moving forward,” Dan Ambrico, president, commercial finance at eCapital, said.
“The energy and innovation behind this company made an immediate impression, and the fact that this opportunity came through a referral speaks volumes about the confidence our partners have in us,” James Poston, managing director, business development at eCapital, said. “Providing funding to a standout brand in such a dynamic category is particularly rewarding as we watch them scale to the next level.”
