eCapital Closes $21MM Working Capital LOC for Automotive Company
eCapital closed a $21 million working capital line of credit for an automotive company based in Southern California.
eCapital closed a $21 million working capital line of credit for an automotive company based in Southern California.
eCapital named Raphael Torres its new managing director of staffing, a key division of its commercial finance group. Torres will lead a specialized team of account management and operations professionals to support the unique financial needs of the staffing industry.
eCapital acquired CNH Finance, a Connecticut-based specialty finance company focused on the healthcare industry.
eCapital’s staffing division has provided nearly $18 million in payroll funding solutions to 17 staffing companies since its inception in late 2021.
Gerber Finance, an eCapital company and finance partner for companies experiencing accelerated growth, closed a $10 million line of credit to ZOA Energy.
eCapital acquired the portfolio of UMB Bank’s accounts receivable financing division. This is the 11th acquisition for eCapital within the alternative finance sector in the last four years.
eCapital Commercial Finance’s asset-based lending division issued a $6 million asset-based line to a Florida-based agriculture supply company servicing both retail and wholesale clients.
eCapital Commercial Finance issued a $6.5 million asset-based lending credit facility to a California-based food and general products distributor.
The last two years have shown us that prognosticating is a difficult game, but James Poston of eCapital did just that by examining the specialty finance industry landscape to outline five trends that will emerge in 2022.
eCapital named Brian Gagel managing director of general factoring in its commercial finance division. Gagel previously served as senior vice president and national portfolio manager for eCapital Commercial Finance.