Specialised financing solutions provider eCapital has announced a $5m confidential factoring facility for two undisclosed nutraceutical and health supplement companies to aid in recovery and growth.
The combined support comes after the companies experienced setbacks due to the loss of a “key” crucial distribution line, which led to liquidity issues and operational limitations.
Go deeper with GlobalData
The funding provides the working capital to help stabilise the two companies’ operations, maintain cash flow, and facilitate recovery efforts.
eCapital leveraged credit-insured accounts receivable to create a custom financing solution aimed at ensuring sustained operations and unlocking growth potential, allowing the companies to continue serving their extensive customer base.
The two companies use both brick-and-mortar and direct-to-consumer distribution models, with a product range comprising high-quality oils, liquids, and encapsulated goods to target health-conscious consumers.
eCapital commercial finance sales head Tom Siska said: “These companies are leaders in the nutraceutical space, recognised for their commitment to quality and service across North America and beyond.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“We are proud to partner with them, providing a tailored financing solution to help navigate challenges, accelerate recovery, and build a stronger future.”
Last month, eCapital acquired specialist invoice financier Optimum Finance to expand its footprint in the UK market.
The acquisition expands eCapital’s client base and brings a new centralised location in Bristol into its fold.
With 800 employees, eCapital provides access to capital for companies in the US, Canada, and the UK.
The company offers a full suite of products, including asset-based lending, equipment refinancing, freight factoring, healthcare receivables financing, invoice factoring, and payroll funding.
