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Wells Fargo, Regions Bank Arrange eCapital’s Bank Facility Upsize to Over $1.2B

December 22, 2022, 07:29 AM
Filed Under: Legal Finance

eCapital increased its syndicated bank facility supporting its eCapital Asset Based Lending (ABL) division, including eCapital Healthcare. Wells Fargo Bank acted as the administrative agent for the lenders and, along with Regions Bank, were the joint lead arrangers and joint book runners for the credit facility.

This brings eCapital’s total bank facility commitments to more than $1.2 billion, allowing the company to support even more small and medium sized businesses (SMBs) with customized working capital solutions. Powered by eCapital’s proprietary technology, these scalable and flexible financial solutions, combined with the company’s extensive financial and sector-specific expertise, are helping SMBs in over 80 industries get access to the funding they need.

“We are well capitalized and committed to providing flexible and personalized financing solutions to our rapidly growing client base,” said Marius Silvasan, CEO of eCapital. “With this increase in facility size, we are well positioned to help even more companies via our breakthrough technology solutions that equip SMB’s the ability to access better, faster access to the capital they require to grow and thrive in any market condition.”

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