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eCapital Upsizes Invoice Factoring Facility to $5MM for International Food Distributor

June 24, 2024, 07:15 AM
Filed Under: Industry News
Related: eCapital, Factoring

eCapital upsized an invoice factoring facility for a fast-growing startup food distributor specializing in supplying high-quality food products to Mexico. Demonstrating the agility of its financing solutions, eCapital increased the invoice factoring facility from $3 million in January 2024 to $5 million within six months. This increase in availability reflects the distributor's rapid sales growth and underscores eCapital's commitment to supporting high-growth businesses.

“We're thrilled to support the continued success of this start-up international food distributor through a facility upsize,” said Tom Siska, SVP, Commercial Finance at eCapital. “This case exemplifies the power of our flexible financing solutions. By having an invoice factoring facility that grows alongside a company's needs, we can empower startups to seize new opportunities and solidify their market position.”

The company was referred to eCapital by a trusted investment banker partner who recognized eCapital’s deep understanding of the international food distribution sector and proven track record in growth financing. Invoice factoring provided the necessary liquidity, allowing the distributor to bridge the gap between product delivery and customer payments, invest in inventory expansion, and meet the growing demand for their offerings in Mexico.

"eCapital's flexible and scalable approach to financing is instrumental to supporting rapid growth," continued Siska. "Given their current momentum, it's apparent they are on track for sustained success. We look forward to backing their efforts and celebrating their ongoing progress."


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