eCapital Provides $30MM Working Capital Facility to Multinational Oilfield Services Company

eCapital, an alternative finance provider in North America and the U.K., provided a $30 million working capital lending facility to a multinational company in the oilfield services industry, completed under eCapital’s commercial finance division.

To strengthen its competitive edge in the market, the fast-growing business acquired several companies over the last few years in the U.S. and Canada, each with its own working capital facility. The eCapital asset-based lending line consolidates all funding streams to one lender, maximizing workflow efficiency. The funds will be used for ongoing working capital and to fuel the company’s rapid growth.

The eCapital commercial finance team is committed to supporting businesses with customized lines of credit that help them meet their goals and achieve long-term, profitable growth. With international reach and expansive expertise in multiple sectors, eCapital is uniquely positioned to facilitate financing solutions for companies experiencing growth both domestically and abroad.

“This was a large and complex cross-border deal involving multiple companies and the team knocked it out of the park,” Brian Cuttic, managing director, commercial finance at eCapital, said. “I’m incredibly proud and grateful to our team that worked together tirelessly up until the very end to make it happen.”