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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 receive cash quickly by selling outstanding customer invoices before they are paid, improving your cash flow rapidly.
What specialized financial services does eCapital offer for the transportation industry?
eCapital offers freight factoring, which is a type of invoice factoring tailored for trucking and logistics companies to convert receivables into immediate cash.
Can you explain asset-based lending provided by eCapital?
Asset-based lending is a debt financing method where you secure a loan using your business assets as collateral, allowing borrowing of substantial percentages of accounts receivable, inventory, equipment, and more through a revolving credit line.
How does equipment refinancing at eCapital work?
Equipment refinancing involves identifying your equipment, determining its value, getting asset approval from eCapital, and receiving a term loan up to 75% of the equipment's liquidation value to improve cash flow.
What types of financial services does eCapital provide?
eCapital provides services including freight factoring, invoice factoring, asset-based lending, payroll funding, revolving lines of credit, and equipment refinancing.
Where is eCapital located and how can I contact them?
eCapital is located at 360 Interstate North Parkway SE, Suite 630, Atlanta, GA 30339, US. You can contact them at +1 877-882-4229.
What nearby financial services can complement my visit to eCapital?
Nearby financial services include First Investors, Wells Fargo Home Mortgage, and Crouse & Company PC CPA, which may assist with investing, home mortgage, or accounting services before or after visiting eCapital.
Are there any insurance agencies near eCapital where I can get additional coverage?
Yes, Combined Insurance and Brandon Daniel: Allstate Insurance are nearby agencies that provide insurance services you might find useful alongside eCapital's financial offerings.
What nearby attractions or amenities can I visit around eCapital's location?
You can explore attractions like The Weather Channel for media events, Pennant Park for outdoor activities, or enjoy the facilities at Georgia Tech Aquatics, such as the swimming pool and stadium.
How can nearby businesses like ARCO Construction Company or Riskonnect Inc. benefit from eCapital's services?
Nearby companies such as ARCO Construction and Riskonnect Inc. can utilize eCapital's tailored funding solutions like invoice factoring and asset-based lending to improve cash flow and support growth in construction and software development sectors.