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eCapital Provides $6MM Factoring Line to Paratransit and Assisted Mobility Company

Date: Aug 21, 2023 @ 07:34 AM
Filed Under: Transportation

eCapital closed a $6MM confidential factoring agreement with a rapidly growing paratransit and assisted mobility business.

The Virginia-based corporation encountered challenges in finding a funding partner capable of keeping up with its expansion plans. After a referral from a trusted financial institution, the company chose eCapital due to its innovative funding structure, best-in-class client portal, and competitive pricing model.

DeBernardo commented, “This significant deal shines a spotlight on eCapitals’ strengths and reputation in the market. The fact that the client actively sought out our expertise to help them achieve their expansion plans speaks volumes about our ability to deliver customized financial solutions. What also sets us apart is our ability to cultivate strong relationships – we're attuned to the ever-changing funding needs of our clients, especially their need for flexibility in their funding partner, and on a personal note, it's the sense of shared success that genuinely makes me proud of my role here."

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