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eCapital Provides $20MM in ABL Funding for Waterworks Products Distributor

April 15, 2024, 08:00 AM
Filed Under: Distribution

eCapital Corp. funded a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities. This infusion of funds positions the company to act on its growth plans and scale its operations. 

After evaluating various financing options, the distributor’s bank partner referred them to eCapital, with whom the partner maintains a strong and trusted working relationship. Subsequently, the distributor was confident that eCapital would provide it with a customized finance solution that included optimal deal terms and timelines to suit its goals.

“The forward-thinking approach eCapital has to financing allows us to support companies as they seek to continue to grow during any economic climate,” said Brian Cuttic, CEO, ABL for eCapital. “Our dedication to supporting our referral network creates opportunities for deals like this. We understand the industry-specific challenges of each of our clients, and focus on providing flexible, tailored solutions that meet both their current and future business needs.”

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