eCapital Provides $15 Million Facility to Support Water Brand’s Growth Through Accounts Receivable and Inventory Financing
MIAMI, August 15, 2024 – eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company. This facility will provide the necessary cash flow to sustain the company’s operations as it constructs a new center of operations to enhance both its efficiency and commitment to sustainability.
As a fast-growing bottled water company in a competitive market, the company, though backed by private equity, needed additional capital to boost production, invest in new equipment, and reduce accounts payable. The company chose eCapital after evaluating various financing options. The decision was based on eCapital's favorable terms, ability to quickly scale to align with their aggressive growth goals, personalized approach and deep understanding of the company's unique business model and commitment to sustainability, ensuring the financial flexibility needed for continued growth.
“The one-on-one relationships we build with our clients are at the heart of transactions like this,” said Tom Siska, SVP, Commercial Finance at eCapital. “With this financing, our client is poised to invest in new bottling equipment, expand their distribution network, and increase marketing efforts to fuel their growth. It’s incredibly rewarding to see them not only meet their immediate financial needs but also advance their long-term sustainability goals. We take pride in crafting solutions that align with their unique vision, helping them accelerate market penetration, build brand awareness, and ultimately support their commitment to making a positive impact.”
About eCapital Corp
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the United Kingdom. By leveraging a team of over 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products, such as freight factoring, invoice factoring, healthcare receivables financing, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures that businesses have the funds they need to do more. Through its Healthcare, Transportation, Staffing, Consumer Goods, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.
