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eCapital Provides $21MM Working Capital Line of Credit for Southern California Automotive Company

May 23, 2022, 07:44 AM
Filed Under: Automotive

eCapital closed a $21 million working capital line of credit to a Southern California automotive company.
Operating profitably in a competitive industry for over a decade, the company previously met its specialized funding needs via private investors. Now, with the significant support from eCapital for both general corporate and working capital needs, the company has the flexibility to pursue its long-term expansion goals.
“This deal is an exciting transaction for eCapital and represents our willingness to explore partnerships within the automotive vertical,” said Brian Cuttic, Managing Director. “We excel at understanding the unique requirements of this sector and have become known for customized funding solutions that are impacting the growth of businesses across North America and the UK.”

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