eCapital, a tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, provided a new $20 million non-notification factoring facility for a private transportation company servicing clients across North America.
“We’re thrilled to collaborate with this prominent industry player and provide the financial backing necessary for their expansion,” Tom Siska, senior vice president, commercial finance at eCapital, said. “This agreement highlights our capacity to deliver significant financing solutions to transportation companies. By unlocking capital that was previously inaccessible through their former factor, we’ve empowered them with greater financial agility and flexibility.”
The company transitioned to eCapital after an extensive review of its prior financing setup, seeking a partner able to offer more robust and versatile funding solutions. With eCapital’s assistance, the company unlocked crucial liquidity, enabling investments in essential operations, fleet expansion and optimization of supply chain services throughout the United States and Canada.
“eCapital’s experience in the freight sector and our skill in crafting customized financing structures were pivotal in the client’s decision to partner with us,” Siska said. “The new terms have not only provided immediate access to capital but also positioned the client for sustained growth and market competitiveness. Transportation fleets seek out our expertise to fund substantial transactions such as this, and we consistently deliver these large-scale solutions with proficiency and reliability.”
