eCapital Commercial Finance’s asset-based lending division issued a C$6 million ($4.7 million) asset-based line of credit to a Canada-based building materials and flooring company servicing both retail and wholesale clients.
The flooring company is growing and needed a lender to accommodate its expansion. Not only will eCapital match the company’s need for working capital, but it provided the financing needed for the company to meet the demands fueled by an influx in the housing industry.
“With the recent housing market boom, companies that supply products for building new homes and renovating homes are in high demand,” Kyle Wilson, senior vice president and sales director of business development at eCapital Commercial Finance, said. “We are excited to deliver the financing solutions required to assist this supplier in increasing its operations and production.”
