eCapital Commercial Finance’s Asset Based Lending division announced the issuance of a $15,000,000 asset-based lending credit facility to a Dallas-based frozen foods manufacturer.

The private company needed a full-service financial solution to provide them with working capital, equipment and a cap-ex facility to support their growth needs. eCapital was able to provide them a facility to meet their projected sales in both accounts receivable and inventory growth. They are an industry leader and manufacture goods for consumer-packaged goods, retail grocery companies and quick-service restaurants, and their current lending relationship could not react fast enough to support rapid growth.

“Our ABL team of experts at eCapital is excited to provide a full-service solution to keep this industry leader on pace to achieve their growth projections and have the consistent working capital to increase their financial agility,” said Brian Cuttic, Managing Director of eCapital’s Asset Based Lending division.