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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 financial services does eCapital provide to businesses?
eCapital offers a variety of funding solutions including freight factoring, invoice factoring, asset-based lending, payroll funding, revolving lines of credit, and equipment refinancing to help businesses access capital quickly.
How can invoice factoring help improve my business cash flow?
Invoice factoring allows your business to release cash against outstanding customer invoices before they are paid, providing immediate cash flow to your business bank account.
What is freight factoring and who is it designed for?
Freight factoring is a specialized type of invoice factoring designed for the transportation industry, where transportation receivables are sold at a discounted rate in exchange for immediate cash.
Can you explain what asset-based lending means?
Asset-based lending is a debt financing method that allows you to secure a loan based on the value of your business assets, borrowing as a revolving line of credit with flexible terms and collateral based on physical assets.
How does equipment refinancing work at eCapital?
Equipment refinancing involves identifying your equipment, determining its value with eCapital, getting approval for a loan of up to 75% of the equipment’s liquidation value, and making payments based on loan terms that improve cash flow.
Where is eCapital located?
eCapital is located at 155 University Avenue, Suite 1220, Toronto, ON, M5H 3B7, Canada.
What nearby businesses and services can I find around eCapital’s office?
Near eCapital, you can find businesses like Maropost (software development), Kernaghan & Partners (financial services and investing), Pizzeria Libretto (Italian restaurant), and McLauchlin & Associates (legal services), offering various professional and dining options.
Are there dining options near eCapital’s location where clients can eat before or after meetings?
Yes, Pizzeria Libretto, an Italian pizza restaurant, is nearby and is a convenient dining option for guests or clients visiting eCapital’s office.
What resources are available nearby eCapital for legal or financial consulting?
Clients near eCapital can access professional legal services at McLauchlin & Associates and DMG Advocates LLP, as well as financial services from Kernaghan & Partners and MacDonald & Partners.
How can nearby public services and community organizations benefit eCapital clients?
Nearby organizations like the Macedonian Human Rights Movement International and The Canadian Society of Technical Analysts offer community and social service connections that might be valuable for networking or local engagement.