eCapital delivered a $6 million accounts receivable facility to accelerate the trajectory of a Midwest-based logistics company. Referred by a commercial banker, the facility replaces a previous $1.5 million bank line, providing increased access to working capital to fund strategic expansion initiatives.
Known for its high-value, visibility-critical shipments, the company offers comprehensive logistics and transportation solutions with a strong focus on service quality and supply chain reliability. Unable to access additional capital through its former bank lender, the company turned to eCapital for a purpose-built solution and a financing partner with deep expertise in logistics and supply chain finance. The new receivables-backed line enabled the acquisition of one of its largest independent agencies, a move expected to increase gross profit by an estimated 20% and expand its national footprint.
“As traditional lenders become more risk-averse, companies across industries, particularly those with complex, fast-moving operations, are seeking non-bank partners who can provide tailored capital solutions,” said Ken Judd, CEO, Transportation at eCapital. “This transaction reflects that growing demand and showcases our ability to deliver flexible, sector-aware financing that drives real business momentum.”
“In logistics, timing, trust, and access to funding are everything,” said Kristine Darroch, SVP, Business Development Officer at eCapital. “By structuring a facility around the client’s receivables, we were able to deliver the working capital they needed to complete a key acquisition and execute their expansion strategy.”