eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, delivered a $35 million payroll financing facility to support the growth and working capital needs of a staffing solutions provider.
The business had been funding through two structures: a line of credit with a Canadian bank that will remain in place, and a separate financing facility with another bank that had become increasingly burdensome to manage. Seeking a more efficient alternative, the company turned to eCapital following a referral from a banking partner.
“The staffing industry thrives on efficiency, and firms need financing that works at the same pace as their business,” James Poston, managing director, business development at eCapital, said. “This facility gives the client a simpler, more effective structure while preserving key banking relationships, a practical outcome that speaks to how we work across the industry to deliver results.”
“Staffing is a core sector for eCapital, and we understand the recurring liquidity demands it creates,” Miguel Serricchio, managing director, channel development at eCapital, said. “By providing a structure that sits seamlessly alongside an existing bank line, we enabled this company to focus on growth while ensuring its people and clients are supported without disruption.”
