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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 financing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Commercial Finance, Staffing, Healthcare and Wellness 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 services does eCapital offer to businesses?
eCapital provides freight factoring, invoice factoring, asset-based lending, payroll funding, revolving lines of credit, and equipment refinancing to businesses.
Where is eCapital located?
eCapital is located at One Marina Park Drive, Suite 1410, Boston, MA 02210, USA.
What is invoice factoring and how can it benefit my business?
Invoice factoring allows your business to get immediate cash by selling outstanding customer invoices before they are paid, improving cash flow quickly.
Can you explain freight factoring and which industry it serves?
Freight factoring is a type of invoice factoring tailored for the transportation industry, where transportation receivables are sold at a discount for immediate cash.
What is asset-based lending and what collateral can I use?
Asset-based lending is a flexible loan secured by business assets such as accounts receivable, inventory, machinery, real estate, intellectual property, and credit card proceeds.
How does equipment refinancing work at eCapital?
You identify your equipment, determine its value with eCapital, get approved for a term loan of up to 75% of its liquidation value, and make payments based on loan terms.
How can I reach eCapital for more information?
You can contact eCapital by phone at +1 866-604-8489 or visit their website at https://ecapital.com/.
What nearby dining options can I visit near eCapital?
Near eCapital, you can visit Boston's Innovation District for American restaurants and arts, Empire for Asian dining and lounge, and Native Brain, a vegetarian restaurant.
Are there any nearby businesses that offer complementary services to eCapital?
Nearby businesses like Northstarpmo Inc. for business consulting, Nystrom Beckman and Paris for legal and financial advising, and Onetouch Logistics for freight services provide complementary services.
What entertainment or active life options are near eCapital for visitors?
Visitors near eCapital can enjoy sailing at SailTime Boston or explore arts and entertainment in Boston's Innovation District.