About
Bank
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 types of financing solutions does eCapital offer?
eCapital provides various financing solutions including freight factoring, invoice factoring, asset-based lending, payroll funding, revolving lines of credit, and equipment refinancing.
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 cash flow quickly.
How does freight factoring differ from regular invoice factoring?
Freight factoring is a specialized form of invoice factoring tailored for transportation companies, involving selling transportation receivables for immediate cash.
What is asset-based lending and how does eCapital's program work?
Asset-based lending lets you borrow against business assets like accounts receivable, inventory, and equipment, providing flexible financing with fewer rules.
How can equipment refinancing through eCapital improve my cash flow?
Equipment refinancing lets you get a term loan up to 75% of your equipment's liquidation value, often with lower interest rates and longer repayment terms.
Where is eCapital located?
eCapital is located at 8 West 40th Street, 14th Floor, New York, NY 10018, USA.
What nearby businesses could I visit when going to eCapital?
Nearby places include HSBC Premier Center (bank), Maison Kayser (bakery), and Allure Eyewear (optometrist and eyewear shop), useful for banking, grabbing a bite, or eyewear needs.
Are there any nearby dining options near eCapital?
Yes, Heritage Grand Bakery and Heritage Restaurant & Pizza Bar are close by, perfect for lunch or casual dining.
Is it easy to get financial and legal services near eCapital?
Yes, nearby financial services include Middlegate Securities and Constellation Payment Service LLC, while legal services like Hand Baldachin & Amburgey are also close by.
How can the nearby HSBC Premier Center help eCapital customers?
Customers can access additional banking services and support at HSBC Premier Center, conveniently located near eCapital for their broader financial needs.