ECapital Business Loans Up To $50 Million

eCapital Overview

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

eCapital is a leading alternative finance company providing innovative funding solutions for small and medium-sized businesses across various industries.

Founded in 2006, eCapital has grown to become a trusted partner for Canadian businesses seeking flexible financial options. With over 15 years of experience, eCapital specializes in delivering fast, tailored financial solutions to help companies overcome cash flow challenges and fuel their growth.

eCapital features

eCapital offers a comprehensive suite of funding solutions designed to address various business needs.

A significant service offered by eCapital is invoice factoring, which enables customers to trade their unpaid bills for cash. It allows companies to get up to 95 percent of the value of the invoice within 24 hours after presenting it to eCapital.

This service assists companies in increasing their revenues and cash inflows without having to use credit or endure long customer payment delays of 30–90 days.

eCapital provides freight factoring services where it purchases accounts receivable by providing up to 100% of the value of the freight bill. It also comes with features like fuel cards. Freight factoring is useful for the financial management of transportation-related companies to meet the necessary operational costs on time.

Companies operating with valuable collateral can opt for eCapital’s asset-based lending products that offer funding of between $2,000,000 and $50,000,000.

This option enables firms to pledge equipment, inventories, or even patents to obtain loans. The accounts receivable financing is up to 90% of the accounts receivable value, and inventory financing is up to 75% of the value.

One of the major problems of most staffing companies is the issue of cash flow since staff has to be paid on a weekly basis while clients may take weeks before paying for their services. eCapital utilizes the services of invoice factoring and asset-based lending to aid these companies.

For staffing firms, this service helps to meet their payroll requirements for temporary staff assigned for short durations.

For those who require more versatility, there are lines of credit where limits up to $50 million. This type of credit line allows companies to borrow cash on an as-needed basis, up to the agreed-upon maximum credit amount. Also, businesses can secure funding within 24 hours, which makes it perfect for addressing short-term liquidity demands.

In addition, it offers an equipment refinancing service for companies that want to release cash from their equipment. This option enables firms to access money on the basis of the value of their machinery or vehicles.

Equipment loans, on the other hand, can reach up to 75% of the appraised value of the equipment, hence offering a lot of capital for different business needs.

eCapital solutions are fast, with many funding solutions being approved within 24 hours. They rely on high technology to enhance the application process, where decisions are made within 15 minutes.

eCapital issues a Visa Commercial Card associated with a client’s account with no annual fees or interest on charges. This card provides business people with the ease of handling expenses up to the extent of the credit offered. They make tracking expenses easier while enabling real-time control of business expenditures.

For integrated financial management, eCapital has created the eCapital Connect online tool. This tool enables the clients to pay their bills, transfer money, and perform other services at any time of the day. It offers a real-time account statement that can be accessed by the business to apply for cash anytime, not necessarily during banking hours.

eCapital serves a wide range of industries, such as transportation, staffing services, healthcare, and manufacturing. Apart from traditional financial tools, eCapital offers value-added services for clients. Some of them include fuel discount programs for truckers, credit check tools, and profitability calculators.

eCapital services

Invoice Factoring, Freight Factoring, Asset-Based Lending, Payroll Funding, Lines of Credit, Equipment Refinancing, and Technology Solutions

Service Areas

Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon

Services

Business Loan

Year in Business

Since 2006

Industry

Business, Finance

Languages

English

FAQs about eCapital

What is eCapital?

eCapital is an alternative finance company founded in 2006, specializing in funding solutions for small and medium-sized businesses. They offer asset-based financing, accounts receivable financing, and industry-specific financial solutions across various sectors. eCapital’s primary services include invoice factoring, freight factoring, and asset-based lending, with loan amounts ranging from $250,000 to $50 million.

How does invoice factoring with eCapital work?

With invoice factoring, businesses sell their unpaid invoices to eCapital in exchange for immediate cash. eCapital advances up to 95% of the invoice value within 24 hours and assumes responsibility for collecting payment from the client’s customers.

Is eCapital suitable for Canadian businesses?

Yes, eCapital serves businesses across Canada, offering tailored financial solutions to meet the unique needs of Canadian companies. They provide support for over 80 industries, including transportation, staffing, healthcare, and consumer goods sectors in Canada.

What industries does eCapital serve?

eCapital provides financing solutions for a wide range of industries, with specialized services for transportation, staffing, healthcare, and consumer goods. They offer freight factoring with tools to help truckers access funds and find loads in the transportation sector. eCapital also delivers flexible financing for growing healthcare businesses and creative solutions for the consumer goods industry.

How quickly can I receive funding from eCapital?

For invoice and freight factoring, eCapital typically provides funding within 24 hours of invoice submission. Their technology platform, eCapital Connect, offers real-time access to financial information and facilitates quick money management. Other financing options may have different timelines, but eCapital strives to offer fast approvals and rapid access to capital.

What makes eCapital different from traditional lenders?

eCapital focuses on alternative financing solutions that don’t rely solely on credit scores or lengthy business histories. They accept businesses with as little as 6 months of operation and offer high loan amounts up to $50 million. eCapital provides industry-specific solutions and a more flexible approach to underwriting, considering factors beyond the traditional metrics used by banks.