eCapital Commercial Finance issued a $6.5 million asset-based lending credit facility to a California-based food and general products distributor.
The distributor needed a larger working capital facility to support its growth needs. eCapital provided the facility to meet the distributor’s projected sales in both accounts receivable and inventory. The distributor has been in business for more than 30 years, supplying products to the healthcare industry and municipalities.
“Our ABL team of experts at eCapital is excited to provide consistent working capital for this distributor to increase their financial agility and help them achieve their goals of becoming a major player,” Brian Cuttic, managing director of asset-based lending at eCapital, said.
