eCapital, a tech-enabled specialty finance provider for businesses across North America and the United Kingdom, delivered a $15 million asset-based lending facility to a California-based metal wholesaler. The facility advances against both accounts receivable and inventory, providing enhanced liquidity to support inventory expansion and position the company for its next phase of growth.
With a long-term commitment to maintaining deep inventory positions and supporting specified applications, the business required greater borrowing availability against inventory to strengthen purchasing flexibility, support customer demand and establish a stronger financial foundation for future banking relationships.
Introduced through a trusted referral partner and existing bank relationship, the company selected eCapital. Matthew Tobin, senior vice president and business development officer at eCapital, played a key role in structuring and executing the facility, helping align the financing with the company’s inventory strategy and long-term capital objectives.
“Inventory availability is often the operational heartbeat of wholesale and industrial businesses,” Brian Cuttic, executive vice president, asset-based lending at eCapital, said. “Our role is to structure facilities that not only support today’s working capital needs, but also create the financial flexibility required for companies to strengthen supplier relationships, meet customer demand and scale with confidence.”
