Small Fleet Summit: Financing owner-operators’ day-to-day operations with factoring
The need for speed in factoring has never been greater, according to eCapital’s Silvasan
This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.
FIRESIDE CHAT TOPIC: The state of factoring the speed is getting faster and the number of companies is getting smaller.
DETAILS: Marius Silvasan’s company is one of the firms that is buying up smaller players and putting them into a larger specialty lender. He discusses what is going on in factoring with FreightWaves editor at large John Kingston.
SPEAKER: Silvasan is the CEO of factoring company eCapital.
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eCapital Corp. Announces 2020 Year-End Financial Results and Consolidated Corporate Structure
April 14, 2021, 07:21 AM
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In its 2020 growth surge eCapital provided its clientele access to over $4 billion in financing across 80 industries in the US and Canada, and also achieved an ~66.5% YoY increase in gross revenues and an ~56% YoY increase in portfolio size. Â
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An alternative capital solutions provider must deliver working capital based on the quality of its customerâs underlying assets, such as receivables, inventory, equipment and real estate. eCapital differentiates itself through its ability to quickly identify and optimize its customersâ assets for the greatest value creation in every transaction.
Startups too small for traditional banks, VCs could access financing from restructured eCapital Corp With the consolidation of eight businesses under one simplified corporate structure and a strong track record of driving growth despite pandemic-related challenges, specialty lender eCapital Corp. is poised to offer upwards of 25% more financing this year than last to fast-growing startups in industries “essential to everyday life,” including food, beverage & health.
“We have provided over $4bn in financing to [about 4,000 small and medium enterprises] in 2020 alone, and we are expected to provide over $5bn in financing to our clients this year,” including SMEs that may be too small for traditional bank loans and equity investors, eCapital Corp. CEO Marius Silvasan told FoodNavigator-USA.