eCapital, an alternative finance provider in North America, promoted Jaime Gillespie to chief human resources officer. In her new role, Gillespie will oversee employee engagement, talent management and leadership development.
eCapital Commercial Finance, a division of eCapital, provided a $1.5 million debtor-in-possession factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy.
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, a North American alternative finance provider, named Kash Ahmad executive vice president and chief credit officer of its commercial finance division. Ahmad most recently served as managing director for Bibby Financial Services Canada.
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.
Gerber Finance launched Gerber+, a division that services businesses seeking funding ranging from $10 million to $25 million. The company’s first client is Molded Acoustical Products of Easton, a full-service insulation manufacturing solutions company.
North American alternative finance provider eCapital named Tony Howard, formerly chief credit officer, chief credit and portfolio officer. Howard will oversee and manage credit risk and policy and portfolio performance and participate in acquisition initiatives.
eCapital named Charles Sheppard, formerly president of the company’s freight factoring division, chief operating officer. In this new role, Sheppard will oversee both the eCapital freight factoring and eCapital commercial finance divisions.