eCapital expands Wells Fargo-agented facility to almost $1.4B

eCapital has renewed and increased its asset-based lending facility to $1.38 billion, up from $987 million.

The facility is part of a three-year agreement led by Wells Fargo and a syndicate of major financial institutions, according to a June 13 eCapital release. The expansion enhances the company’s balance sheet and supports its strategic growth across North America and the U.K., further solidifying its position in the specialty finance sector.

This move follows a series of recent increases, including a rise to $815 million in January 2024 and $987 million in November 2024. With the latest upsizing, eCapital’s total banking capacity across its three syndicated credit lines now nears $2.6 billion.

This financial strength allows its health care and commercial lending teams to offer more customized and efficient funding solutions to clients in a wide range of industries, according to the release. eCapital’s asset-based lending division is powered by teams with deep industry expertise and a proven ability to structure solutions tailored to complex business needs.

The expanded facility positions eCapital to continue serving its growing client base and reinforces its role as a trusted capital provider across more than 80 industries, according to the release. With a workforce of over 850 professionals and a comprehensive suite of financial products, the company is advancing its mission to accelerate access to capital and support business growth across the U.S., Canada and the U.K.