eCapital Commercial Finance, a division of eCapital, has delivered more than $10 million in additional funding to clients with existing factoring facilities during the COVID-19 pandemic to help them meet demand for products and services.
eCapital Commercial Finance, a division of eCapital, provided a $2 million factoring facility to a hard seltzer provider to support its increasing production demands.
eCapital provided a $5 million factoring facility to an importer and distributor of wine and spirits. The beverage company will use the factoring facility to support its new imported product available for purchase from retailers such as Costco.
eCapital, a North American alternative finance provider, funded two factoring facilities totaling $3.9 million, including a $3 million factoring facility to a distributor of consumer electronics products and a $900,000 factoring facility to a veteran-owned temporary staffing agency.
Bibby Financial Services brought on board David Ciccolo as its new managing director for its U.S. Factoring & Asset Based Lending business based in Atlanta.