#USA #Miami #financing #Ares #eCapital

eCapital Expands Credit Facility with Ares to $388 Million

In a significant move to bolster its growth strategy, eCapital Corp., a premier provider of tech-enabled specialty finance for small and medium-sized businesses, has announced the expansion of its credit facility with Ares Credit Funds. The newly agreed amount is now a substantial $388 million, demonstrating eCapital's commitment to enhancing its support for clients across North America and the UK.

This multi-year renewal represents a strategic effort to not only extend the existing relationship with Ares but also to solidify eCapital's capital framework, which is now positioned to accommodate increasing market demands. This agreement comes as eCapital continues to reach notable milestones, including the recent extension and upsizing of its core syndicated bank facilities led by Wells Fargo in North America and Royal Bank of Scotland in the UK. Collectively, such transactions have pushed eCapital's total committed senior capital close to an impressive $3.0 billion, reflecting the trust and confidence its institutional partners place in the company’s operational performance and potential for growth.

Marius Silvasan, the CEO of eCapital, expressed enthusiasm about this development, stating, "The continued success in partnering with industry-leading bank capital providers on enhanced terms is a powerful signal of where we stand and where we are headed." He emphasized that the company has effectively built a versatile financing ecosystem that extends across various industries, powered by innovation, proprietary technology, and a deep understanding of industry dynamics.

"With the robust liquidity provided by our amended facility with Ares, we are optimally positioned to carry out our strategic plans, enhance client access to capital, and elevate the standards of specialty financing," Silvasan added. He underscored the importance of Ares' support, indicating that it significantly strengthens eCapital’s goal of redefining modern financing for its clients.

Scott Rosen, a partner in the Ares Credit Group, also highlighted the importance of their long-standing relationship with eCapital. He noted, "We are excited to continue supporting the eCapital team as they execute on strategic initiatives and expand their platform. Our extensive relationship exemplifies Ares' capacity to deliver flexible, asset-based capital solutions that can accommodate the needs of evolving businesses."

eCapital, with a team of over 850 professionals, is dedicated to accelerating capital access for businesses in the USA, Canada, and the UK. By leveraging its proprietary, industry-leading technology, the company has been at the forefront of shaping the future of business funding. Offering a comprehensive suite of financial products—including healthcare receivables financing, asset-based lending, payroll funding, supply chain financing, and accounts receivable financing—eCapital ensures that businesses can access the necessary funds to achieve their operational objectives.

Additionally, their focus spans various sectors, such as healthcare, asset-based lending, staffing, consumer goods, factoring, and transportation, delivering tailored funding solutions to over 80 different industries. This helps reinforce eCapital's position as a trusted partner for companies seeking to enhance their financial strategies and operational capabilities.

For further updates on eCapital and its innovative financial solutions, visit eCapital.com.