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eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. 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, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have access to the funds they need to do more. Through its Transportation, Staffing, Consumer Goods, Healthcare, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries.
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Frequently Asked Questions About eCapital
What is Invoice Factoring?
Invoice factoring is a financing solution that allows your small business or medium sized business to release cash against your outstanding customer invoices before they’ve been paid. Factoring invoices is the fastest way to improve cash flow to your business bank account.
What is Freight Factoring?
Freight factoring, truck factoring or logistics factoring is a specialized form of invoice factoring designed for the transportation industry. It is a mainstream financial strategy that involves factoring transportation receivables by the selling of account receivable invoices at a discounted rate in exchange for immediate cash.
What is Asset-based Lending?
Asset-based lending or some times called a ABL loan is a creative form of debt financing. It allows you to secure a loan based on the value of your business assets. With our asset-based lending program, you can borrow up to 90% of accounts receivable, 60% of inventory, 70% of FMV for M&E and RE and 40% of intellectual property, in addition we lend against credit card proceeds. You are borrowing in the form of a revolving line of credit, which is ideal, because you can use those funds whenever you need money. Since your physical assets are your collateral, there is maximum liquidity and fewer rules. Overall, this is an extremely flexible solution that bridges the buy-and-sell in your business so that you can accelerate your sales cycle.
How does Equipment Refinancing work?
Here’s how equipment refinancing typically works:
Identify your current assets: The first step in equipment refinancing is to identify your current equipment that you’d like to refinance and gather all important information regarding those assets (i.e Year, Make, Model, Condition, etc.).
Determine the value of your assets: Next, you’ll need to work with eCapital to determine the Net Orderly Liquidation Value (NOLV) of the equipment you’d like to refinance.
Get your assets approved: If your application is approved, eCapital will provide you with a term loan of up to 75% of the NOLV of your equipment.
Make payments: You’ll then make payments to eCapital based on the terms of the new loan. This may include a lower interest rate, longer repayment period, or other benefits that improve your cash flow and help you manage your equipment refinancing more effectively.
What is invoice factoring and how can it help my business?
Invoice factoring allows your business to release cash against outstanding customer invoices before they are paid, improving your cash flow quickly.
Can you explain freight factoring and its benefits for the transportation industry?
Freight factoring is a specialized invoice factoring for transportation receivables, providing immediate cash by selling invoices at a discounted rate.
What is asset-based lending and how does it work at eCapital?
Asset-based lending is a flexible loan secured by business assets, allowing borrowing up to 90% of accounts receivable and other asset values with a revolving credit line.
How does equipment refinancing work with eCapital?
Equipment refinancing includes identifying your assets, determining their value, getting approval for a loan up to 75% of equipment value, and making payments under improved loan terms.
What types of funding solutions does eCapital offer?
eCapital offers freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment refinancing across over 80 industries.
Where is eCapital located and how can I contact them?
eCapital is located at 5928 Pascal Court, Suite 200, Carlsbad, CA 92008, USA. You can reach them by phone at +1 866-604-8489 or visit https://ecapital.com/.
How can I use nearby places to enhance my visit to eCapital?
Nearby places like Johnny's Rutherford Cafe provide dining options, and businesses like Typehaus Inc and Horizon Resources could offer related professional services to complement your visit.
Are there nearby real estate services around eCapital?
Yes, several nearby real estate agents and property management services like Horizon Resources, Pacific Commercial Construction, and Kidder Mathews are located close to eCapital.
What nearby services are available for business and professional needs near eCapital?
Nearby you can find services like Bankruptcy Center of North County for legal advice, LiFT Creative Studios for advertising, and True Data Technology for IT support.
How can customers visiting eCapital benefit from the local amenities in the area?
Customers can enjoy nearby restaurants such as Johnny's Rutherford Cafe for meals, visit apparel stores like Newport Blue, or use services from San Diego Sign Company for signage needs.