eCapital Corp. delivered a $6.5 million asset-based lending facility to support the growth and working capital needs of a home furnishings company based in North Carolina.
The business sought a more efficient and flexible capital solution to support day-to-day operations and regular shareholder distributions. To meet those needs, it aimed to replace higher-cost term debt with a working capital revolver better suited to its ongoing requirements. The opportunity came through an existing relationship within eCapital’s network, demonstrating the firm’s collaborative approach and deep expertise in the home furnishings space.
“Clients rely on us for solutions that address real operational needs with clarity and precision,” said Brian Cuttic, EVP, Asset-based Lending at eCapital. “Because of our existing connection to this company and understanding of how they operate, we were able to deliver a flexible structure based on accounts receivable and inventory that supports near-term needs while reinforcing long-term stability.”
“The strength of our prior relationship made it possible to move quickly and align on a solution that fit exactly what the company was looking for,” said Michael Conrad, SVP, Business Development Officer at eCapital. “Helping businesses reshape their financing and access a more flexible working capital platform is where our team excels.”