eCapital, a tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, arranged a $6 million asset-based lending (ABL) facility to support the expansion and working capital needs of a growing distributor of stone and household fixtures in the southern United States.
As growth accelerated, the company required a financing structure that could deliver consistent working capital while accommodating future product launches. To support the company, eCapital provided an asset-based lending facility secured by accounts receivable and inventory, along with a short-term overadvance to enhance flexibility.
“Speed and adaptability are critical when companies are scaling,” Brian Cuttic, executive vice president, asset-based lending at eCapital, said. “This facility shows how we can deliver both, enabling businesses to launch new product lines without losing momentum.”
“Our reputation in the market is built on strong relationships,” Michael Conrad, senior vice president, business development at eCapital, said. “In this case, a peer in the finance industry recognized that our approach was the right fit for the client, and we delivered a flexible solution that supported their next phase of growth.”
