ECapital has increased its core factoring facility from $725 million to $917 million, reinforcing its financial strength and lending capabilities for small and medium-sized businesses across North America and the United Kingdom.
The expansion brings the company’s total bank facility commitments to just more than $2.1 billion, according to an April 16 eCapital release. The $192 million three-year deal demonstrates continued confidence from eCapital’s banking partners and supports its mission to provide timely working capital solutions to a broad client base.
ECapital’s move is part of the company’s strategic approach to funding growth while maintaining disciplined credit and underwriting practices, according to the release. This facility enhances eCapital’s ability to meet rising market demand, particularly within its factoring portfolio.
With more than 850 professionals and proprietary technology, eCapital offers financing solutions across more than 80 industries, including transportation, healthcare, staffing and consumer goods, according to the release. Its services include freight and invoice factoring, asset-based lending, payroll funding and equipment refinancing.
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