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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 services does eCapital provide?
eCapital offers 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 businesses to improve cash flow by releasing cash against outstanding customer invoices before they are paid.
How does freight factoring work at eCapital?
Freight factoring is a financial strategy where transportation receivables are sold at a discount for immediate cash, tailored for the transportation industry.
Can you explain asset-based lending?
Asset-based lending secures a loan based on the value of business assets, allowing borrowing up to certain percentages of accounts receivable, inventory, equipment, and intellectual property.
How does equipment refinancing with eCapital function?
Equipment refinancing involves identifying assets, determining their value, getting approval, receiving a loan up to 75% of the net liquidation value, and making repayments with improved terms.
Where is eCapital located?
eCapital is located at 555 Marriott Drive, Suite 240, Nashville, TN 37214, USA.
How can I contact eCapital for more information?
You can contact eCapital by phone at +1 800-964-7139 or visit their website at https://ecapital.com/.
What nearby companies offer complementary services to eCapital?
Nearby companies like K&J Expedite (freight and cargo service) and Triumph Staffing LLC (employment agencies) provide complementary logistics and staffing services that may benefit eCapital clients.
Are there nearby professional service providers near eCapital?
Yes, nearby professional services include Mediation Suites (legal services), Belfield Management Solutions (marketing consultant), and Ceteris Consulting Group (marketing agency), useful for business clients needing legal or marketing assistance.
What local points of interest might clients visit before or after eCapital?
Clients might visit Regus for shared office space or On Your Mind Counseling for mental health services, providing convenient additional services near eCapital's location.