eCapital Commercial Finance, a division of eCapital Corp., a leading North American alternative financing solution provider for small and medium businesses, today announced it has provided a $2 million factoring facility to a hard seltzer provider to support its increasing production demands. The beverage provider selected eCapital due to its experience in funding solutions for the alcoholic beverage industry and ability to provide fast access to working capital.

This spirits provider will be utilizing the $2 million factoring facility to facilitate its rapid growth since its inception in 2019. Not only will eCapital match the company’s need for quick access to working capital today, it will also provide increased future financing needed for the company to advance its position in the emerging hard seltzer ecosystem.

“The hard seltzer industry is expected to grow substantially in the coming years,” said David Ciccolo, president of eCapital Commercial Finance. “We are excited to deliver the financing solutions required to assist this supplier in increasing its operations and production and help them reach their goal of becoming a larger player.”