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eCapital Provides $6.5MM Asset-Based Lending Credit Facility to a Food and General Products Distributor

December 02, 2021, 07:00 AM
Filed Under: Distribution

eCapital Commercial Finance provided a $6,500,000 asset-based lending credit facility to a California-based food and general products distributor.

The company needed a larger working capital facility to support their growth needs. eCapital was able to provide them a facility to meet their projected sales in both accounts receivable and inventory growth. They have been in business for over 30 years, supplying products to the healthcare industry and municipalities and their current lending relationship could not react fast enough to support rapid growth.

“Our ABL team of experts at eCapital is excited to provide consistent working capital for this distributor to increase their financial agility and help them achieve their goals of becoming a major player,” said Brian Cuttic, Managing Director of eCapital’s Asset Based Lending Division.

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