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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 financing solutions does eCapital offer for small and medium businesses?
eCapital provides invoice factoring, freight factoring, asset-based lending, payroll funding, revolving lines of credit, and equipment refinancing to help businesses access cash quickly.
How does invoice factoring improve cash flow for businesses?
Invoice factoring allows businesses to release cash against outstanding customer invoices before payment, which is the fastest way to enhance cash flow.
What is freight factoring and who is it designed for?
Freight factoring is a specialized form of invoice factoring for the transportation industry, enabling immediate cash by selling accounts receivable invoices at a discounted rate.
Can you explain asset-based lending offered by eCapital?
Asset-based lending lets businesses secure a loan based on the value of assets, borrowing as much as 90% of accounts receivable or other percentages of different asset types via a revolving line of credit.
How does equipment refinancing work at eCapital?
Equipment refinancing involves identifying current assets, determining their Net Orderly Liquidation Value, getting approval, and receiving a loan up to 75% of that value with manageable payment terms.
Where is eCapital located?
eCapital is located at 174 West St S, Orillia, ON, L3V 6L4, Canada.
What can visitors do near eCapital in Orillia?
Nearby, visitors can enjoy the Orillia Recreation Centre for sports and fitness or visit Home Hardware Building Centre for home improvement needs.
Are there automotive services close to eCapital for vehicle needs?
Yes, several automotive services are nearby including MP Automotive, Superior Auto, Mariposa Auto Detailing, and Greg The Mechanic.
How can nearby public services help clients visiting eCapital?
Clients can access community support at Orillia Community Services or use Orillia Beaver Home and Cottage for professional contractor services near eCapital.
What industries does eCapital serve with their customized funding solutions?
eCapital serves over 80 industries including transportation, staffing, consumer goods, healthcare, factoring, and asset-based lending sectors.