eCapital, a tech-enabled company in financing solutions for small and medium-sized businesses (SMBs) across North America and the UK, upsized its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, raises the company’s total banking capacity to close to $2 billion.
This $172 million increase follows an earlier expansion announced in October and marks the second major enhancement to eCapital’s ABL facility in 2024. With the additional capital, the company aims to better address the evolving financial needs of SMBs while advancing its own growth through investments in proprietary technology and innovative financing solutions.
“We’re privileged to have the ongoing support of Wells Fargo and our forward-thinking bank group who recognize our long-term vision and the transformative value we bring to the SMB market,” Marius Silvasan, CEO of eCapital, said. “This expanded facility increases our ability to scale and continue to gain market share, driving success for both our clients and our company. The confidence of our banking partners strengthens our commitment to delivering innovative financing solutions in today’s dynamic market.”
