eCapital Commercial Finance’s asset-based lending division issued a $15 million asset-based lending credit facility to a Dallas-based frozen foods manufacturer.
The private company needed a full-service financial solution to provide it with working capital, equipment and a capex facility to support its growth needs. eCapital provided the company a facility to meet its projected sales in both accounts receivable and inventory growth.
“Our ABL team of experts at eCapital is excited to provide a full-service solution to keep this industry leader on pace to achieve their growth projections and have the consistent working capital to increase their financial agility,” Brian Cuttic, managing director at eCapital, said.
