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.
eCapital acquired the assets of Flexible Funding, a payroll funding company for staffing agencies across multiple industries, along with its freight factoring subsidiary, InstaPay.
eCapital, a capital solutions provider for small and medium-sized businesses in North America and the UK, named Brian Cuttic managing director of asset-based lending. Cuttic joined eCapital from Synovus Bank, where he developed an ABL program and oversaw growth.
eCapital launched a new commercial credit card program with Visa. The platform will provide clients with direct connections to the funds in their eCapital accounts and reporting to manage all Visa transactions.
eCapital, an alternative finance provider in North America to small- and medium-sized businesses, named Kyle Wilson senior vice president and sales director of business development. Wilson has more than 13 years of expertise in commercial financing.
In 2020, eCapital provided access to more than $4 billion in financing across 80 industries in the U.S. and Canada and also achieved an approximate 66.5% year-over-year increase in gross revenues and an approximate 56% year-over-year increase in portfolio size.
eCapital Commercial Finance, a division of eCapital, appointed Dale Busbee senior vice president and business development officer. Busbee has more than 25 years of vertical market experience within the staffing industry.
eCapital named James Poston chief sales officer. Poston has more than 14 years of experience in receivables financing and asset-based lending. Poston previously held the position of senior vice president for eCapital’s freight factoring division.