eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, arranged a $5 million asset-based lending (ABL) facility to support the expansion and working capital needs of a growing health and wellness brand in Canada.
As its momentum accelerated, the company required additional liquidity to fund operations and support its increasing footprint.
“Companies with savvy investors and clear plans to scale are looking for financing partners who can match their drive and flexibility,” Brian Cuttic, executive vice president, asset-based lending at eCapital, said. “This transaction reflects how eCapital brings adaptable solutions to dynamic brands that are reshaping their industries in Canada and the United States.”
“The energy and vision of this brand really resonated with me, and it reflects the kind of forward-thinking companies eCapital is proud to support,” James Poston, managing director, business development at eCapital, said. “Sourced through an advisor relationship, we structured a facility aligned with their growth strategy, and I’m excited to watch their continued success on both sides of the border.”
