eCapital $1.38bn lending facility expansion

eCapital Upsizes Asset-Based Lending Facility to $1.38 Billion:

eCapital Corp., a leader in specialty finance for SMBs in North America and the UK, announced on June 13, 2025, that it has increased its asset-based lending facility to $1.38 billion, up from $987 million.

• Facility Size: Increased from $987 million to $1.38 billion.

• Term: The renewed facility has a three-year term.

• Agent Bank: The facility is agented by Wells Fargo and supported by a syndicate of leading financial institutions12610.

• Total Banking Capacity: With this latest upsize, eCapital’s total banking capacity across its three syndicated credit lines now approaches $2.6 billion112.

• Strategic Impact: The expanded facility strengthens eCapital’s balance sheet and enhances its ability to deliver tailored, high-impact financing solutions, particularly through its Healthcare and Commercial lending teams16.

eCapital’s CEO, Marius Silvasan, emphasized that the upsized facility reflects the confidence of banking partners in the expertise of eCapital’s lending teams and the broader platform. The increased capital allows eCapital to provide fast, flexible funding to clients in critical sectors, supporting growth and stability amid dynamic market conditions.

The company's ABL Group, staffed by experienced professionals, structures solutions for complex industries. The Healthcare team provides agile funding to medical providers and suppliers, and the Commercial team supports manufacturing, distribution, and industrial businesses with scalable financing.

• Recent Growth: This milestone follows previous upsizes to $815 million in January 2024 and $987 million in November 2024, underscoring sustained momentum in eCapital’s ABL strategy.

• Product Suite: eCapital provides a comprehensive range of funding products, including healthcare receivables financing, payroll funding, supply chain financing, freight factoring, and invoice factoring, serving over 80 industries.

• Geographic Reach: The company operates across the United States, Canada, and the United Kingdom, leveraging a team of over 850 experts and proprietary technology to accelerate access to capital.

The upsize has been widely covered in industry publications, highlighting its significance in expanding eCapital’s market reach and capital strength. The move is seen as positioning eCapital to maintain lending strength and serve a growing client base in both Healthcare and Commercial sectors.

eCapital’s upsize of its asset-based lending facility to $1.38 billion, agented by Wells Fargo, marks a major step in the company’s growth, boosting its capacity to serve SMBs across North America and the UK with tailored financing solutions and reinforcing its leadership in specialty finance.

What’s Driving Demand for eCapital’s Upsized Asset-Based Lending Facility?

The demand supporting eCapital’s $1.38 billion asset-based lending (ABL) facility is a blend of both organic market expansion and increased deal flow from borrowers unable to access traditional bank credit. Several key factors are at play:

• Market Expansion and Organic Growth:
  eCapital has reported a 42% increase in active clients over the past year, with a strong presence across more than 80 industries and a particularly high client retention rate of 83%. Many of these clients are growth-stage, B2B, or seasonal businesses that need flexible working capital to manage rapid expansion, long payment cycles, or cyclical revenue patterns. Sectors like transportation, logistics, staffing, manufacturing, distribution, and healthcare are major drivers of loan volume increases.

• Distressed and Transitional Borrowers:
  eCapital also serves companies undergoing transitions—such as ownership changes, restructuring, or periods of financial distress—who may not qualify for conventional loans. Asset-based lending is particularly attractive to businesses with high leverage, erratic earnings, or marginal cash flow, providing a lifeline for turnaround scenarios or recapitalizations. For example, Pegasus Foods turned to eCapital after being turned away by banks, using ABL to move from distress to renewed growth.

Which Sectors Are Driving Loan Volume Increases?

eCapital’s growth is broad-based but especially strong in:

• Transportation and Logistics

• Staffing Agencies

• Manufacturing and Distribution

• Healthcare

• Consumer Goods

• Oil and Gas Services

• Exporters and International Traders

These sectors often face unique cash flow challenges, long receivable cycles, or need for rapid scaling, making them ideal for asset-based solutions.

eCapital's Intelligent Underwriting Standards

eCapital's underwriting philosophy is built on agility, innovation, and a deep understanding of what truly drives a business forward. They're leveraging cutting-edge technology and industry expertise to redefine eligibility and accelerate access to capital.

• Asset-Centric Focus, Not Just Credit Scores: While a minimum credit score of 600 is typically required for business loans, and 680 or above is preferred for larger facilities, eCapital doesn't rely solely on traditional credit history. Their core strength lies in asset-based lending (ABL), where the focus shifts to the quality and liquidation value of your tangible assets – think accounts receivable, inventory, machinery, equipment, or even real estate. For invoice factoring, they primarily evaluate the creditworthiness of your customers. This means businesses with strong assets or reliable clients can unlock capital even with less-than-ideal credit scores.

• Operational Track Record: Generally, businesses should have been operational for at least one to two years to qualify, providing a solid foundation for assessing stability and revenue generation. Newer startups might need to showcase exceptional growth or provide additional documentation, possibly including personal guarantees.

• Revenue Benchmarks: Typical annual revenue requirements range from $100,000 to $250,000, ensuring the business can comfortably manage repayments. Beyond raw revenue, eCapital also scrutinizes profitability, consistent cash flow patterns, and debt-to-income ratio to paint a holistic financial picture.

• Industry-Specific Acumen: eCapital prides itself on deep sector knowledge, serving over 80 industries. While certain high-risk sectors like adult entertainment or highly speculative ventures may face restrictions, eCapital excels in providing specialized financing solutions for key sectors like transportation, staffing, healthcare, consumer goods, manufacturing, and distribution.

• Geographic Reach: Their primary operational footprint spans North America and the U.K., with local regulations influencing specific terms and product availability.

• Streamlined, Tech-Powered Process: The application journey itself is a testament to their innovation. Their proprietary digital platform, launched in Q4 2023, leverages AI-driven risk assessment algorithms and automated underwriting to slash processing times by 60%. In fact, 85% of applications receive initial decisions within just 4 hours.

• Covenant-Light Flexibility: Crucially, eCapital's funding agreements are devoid of restrictive financial covenants, granting business owners the autonomy to direct funds where they're needed most for growth. This is a game-changer for businesses seeking true financial flexibility.

• Required Documentation: To facilitate this swift process, applicants typically need to provide financial statements (P&L, balance sheets, cash flow), recent tax returns, and specific documentation related to the type of financing sought (e.g., outstanding invoices for factoring or detailed asset information for ABL).

eCapital's Portfolio: Performance at Scale

The sheer scale and performance of eCapital's portfolio underscore the surging demand for agile alternative financing solutions and their ability to deliver.

Let's look at the impressive figures:

• Massive Funding Power: eCapital has funded over $89 billion for its clients, demonstrating its significant impact on the business landscape. This impressive figure reflects a remarkable revenue growth over the past three years.

• Vast Client Base: They've empowered over 30,000 businesses, purchasing more than 22 million invoices. This extensive client base highlights their reach across a diverse set of industries.

• Market Leadership: As of 2024, eCapital holds a 12% market share in the North American alternative lending sector, showcasing its prominence and rapid expansion. This includes a 42% increase in active clients in the past year alone.

• Exceptional Client Retention: With an average client retention rate of 83%, significantly outperforming the industry average of 71%, eCapital proves its commitment to fostering lasting partnerships and delivering consistent value.

• High Approval and Speed: Their streamlined processes result in an impressive 82% approval rate for qualified applicants. And when it comes to speed, funds can be accessed within 24 hours of approval, a critical advantage for businesses needing immediate working capital.

• Robust Capital Strength: The recent upsizing of their asset-based lending facility to $1.38 billion, contributing to a total banking capacity of nearly $2.6 billion across three syndicated credit lines, is a clear vote of confidence from their banking partners in eCapital's expertise and growth trajectory. This expanded capacity empowers their specialized lending teams to continue driving growth and stability in dynamic market conditions.

• Technological Resilience: Their proprietary digital platform boasts a 99.9% uptime rate, ensuring consistent and reliable service for clients.

eCapital's robust underwriting standards, coupled with its proven portfolio performance, illustrate why they are a trusted and innovative leader in the alternative finance space. They're not just providing capital; they're providing the agility, speed, and tailored solutions that modern businesses need to thrive.

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