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Some lenders build their reputation by offering a single, simple loan. eCapital built its name by doing almost the opposite. Since 2006, it has become one of the most active alternative finance providers in North America by specialising in asset-backed lending, the kind of funding designed for businesses with cash tied up in receivables, equipment, or inventory rather than spare cash in the bank.
For founders who don’t want to dilute equity, can’t wait for bank committees, or have outgrown traditional loan structures, eCapital has become a go-to. But it’s also a lender that looks and operates differently from mainstream term-loan providers, and that matters when deciding whether it’s right for your business.
Below is a full breakdown of what eCapital actually offers, what it doesn’t, and how small and mid-sized businesses can approach the application process with confidence.
An overview of eCapital business loans
eCapital is not a traditional business-loan company. Instead of issuing unsecured term loans or fixed-rate instalment financing, the provider focuses on several core areas:
- Asset-based lending (ABL)
- Accounts receivable financing and invoice factoring
- Inventory financing
- Equipment refinancing
- Specialised solutions such as freight factoring and payroll funding
These products share one idea. If your business generates invoices, holds inventory, or owns equipment, those assets can unlock working capital far faster than a bank’s underwriting cycle.
The company’s portfolio also reaches into niche segments like staffing payroll and trucking freight factoring — two industries where predictable cash flow can be the difference between surviving and scaling.
Does eCapital offer unsecured finance?
No. eCapital does not offer unsecured business loans, unsecured term loans, merchant cash advances, or conventional working capital loans based on a borrower’s credit profile alone.
This is a strategic choice, not a gap in the catalogue. eCapital’s entire model is built around asset-driven underwriting. Instead of pricing risk based on credit scores and profitability ratios, they assess the value and quality of a business’s existing assets:
- Unpaid invoices
- Inventory on hand
- Machinery, vehicles, or equipment
- Purchase orders or contract-backed receivables
This makes eCapital accessible to businesses that may struggle with traditional credit assessments, but it also means the company is not the right match for borrowers seeking unsecured, low-documentation, general-purpose funding.
eCapital’s secured financing options
Asset-based lending (ABL)
ABL is the flagship product for businesses needing scalable working capital. Facilities can range into the tens of millions, and funding grows with the value of the borrower’s assets.
Businesses typically leverage:
- Accounts receivable
- Inventory
- Equipment
- Occasionally real estate
ABL is often used by companies experiencing growth, seasonality, supply chain pressure, or a temporary cash squeeze. Limits can reach well over $100 million for qualifying mid-market firms.
Accounts receivable financing/invoice factoring
One of eCapital’s best-known offerings, factoring converts unpaid customer invoices into immediate liquidity. Rather than waiting 30 to 90 days to get paid, businesses receive an advance (often 80% to 100% depending on product) while eCapital handles the collection process.
This is widely used in:
- Transportation and logistics
- Staffing
- Manufacturing
- Wholesale and distribution
Discount rates generally fall between 1% and 4% of invoice value, depending on risk, industry, and volume.
Inventory financing
Inventory-rich businesses often sit on pallets of untapped working capital. eCapital finances up to 90% of the net orderly liquidation value (NOLV) of inventory, allowing companies to:
- Restock ahead of demand
- Manage seasonality
- Fund growth cycles
- Maintain supplier relationships
This option is common in consumer goods, wholesale, retail, and manufacturing.
Equipment refinancing
Instead of purchasing new machinery, eCapital helps businesses borrow against equipment they already own. Facilities range from $250,000 up to $30 million, providing flexible capital for:
- Operations
- Expansion
- Cash-flow smoothing
- Debt consolidation
Unlike traditional equipment loans, the funds can be used for almost any business purpose.
Government-backed lending: Does eCapital participate?
No. eCapital does not participate in government guarantee schemes or SBA-style programmes. Its entire model is private, collateral-based lending with a focus on speed and structured facilities rather than government-backed credit programmes.
Additional funding products
eCapital also offers several specialised solutions tailored to high-volume or cash-sensitive industries:
- Payroll funding for staffing companies
- Freight factoring with advances up to 100%
- Purchase order finance (through some divisions)
- Business lines of credit are available only as add-ons to existing facilities
These are not standalone term-loan products but extensions of the core asset-based model.
What is eCapital’s typical interest rate?
Here’s what is publicly and reliably known:
- Factoring fees: Around 1% to 4% of invoice value
- Equipment financing: Discount rates vary based on collateral quality
- ABL: Rates tend to be lower than unsecured loans because risk is collateralised
- Term APR ranges (where applicable): Our research showed around 8.99% to 24.99%, though eCapital does not publish official APRs
A consistent theme emerges here. The more liquid and high-quality your assets, the better your pricing.
Because eCapital doesn’t price loans like a bank, the most accurate expectation is that rates are customised case-by-case rather than posted publicly.
Eligibility criteria and whether you qualify
Ebury’s Supplier Payment Finance requires a business to meet several tangible thresholds:
- At least £1M annual revenue
- £100,000 tangible net worth
- At least two years of healthy trading history
These are clear, quantitative markers, and more transparent than what many lenders provide. The criteria lean toward established SMEs rather than early-stage founders or pre-revenue businesses.
Beyond these benchmarks, Ebury also considers:
- Up-to-date management accounts
- Aged debtor and creditor lists
- Consistency of revenue
- Supplier relationships and invoice patterns
Since the product is unsecured, financial discipline and stable performance are key indicators.
How much can I borrow with an eCapital business loan?
Because their model is asset-driven, lending limits scale with your collateral:
- ABL facilities: Several million up to $100 million or more
- A/R financing: Up to $25 to $30 million, depending on source
- Inventory finance: Often tied to 80% to 90% of NOLV
- Equipment refinancing: $250,000 to $30 million
- Freight factoring: Up to 100% advance
In practice, eCapital works with businesses from $1 million annual revenue up to mid-market enterprises, but the largest facilities serve businesses with significant receivable or inventory volume.
What is the acceptance rate for an eCapital business loan?
eCapital doesn’t publish an official approval rate. However, their underwriting relies less on borrower credit and more on asset quality and customer payment behaviour.
This creates a higher approval likelihood for businesses that:
- Sell B2B
- Hold meaningful receivables or inventory
- Have creditworthy customers
- Have predictable invoicing cycles
This also explains why many young businesses, especially staffing firms or trucking operators, can secure funding with limited credit history.
Eligibility criteria and whether you qualify
eCapital’s eligibility criteria vary by product, but some general themes apply.
Minimum credit score
While some factoring products mention minimum FICO scores around 600, eCapital emphasises that customer creditworthiness often matters more than the business’s.
For ABL and equipment financing, stronger credit helps but is not the deciding factor.
Time in business
- ABL often requires two years in business.
- Some products accept younger businesses if they show established revenue.
- Freight factoring is known to support even very young carriers.
Annual revenue
- ABL facilities typically expect $2M or more in annual revenue.
- Factoring and freight finance have lower thresholds, sometimes far below $1M depending on volume.
Industry
eCapital actively supports:
- Transportation
- Staffing
- Manufacturing
- Wholesale
- Consumer goods
- Construction
- Oil and gas services
Geography
eCapital is active across:
- The United States
- Canada
- The United Kingdom
Some regional variations apply based on local regulations and industry norms.
Additional information
Because eCapital’s products don’t behave like traditional term loans, it helps to understand how the mechanics work day-to-day. Here’s what to expect behind the scenes—timelines, security, payoffs, and everything in between.
Early repayment fees
Because many products are not structured as traditional term loans, early repayment rules vary. For factoring and ABL, you’re generally paying for usage rather than paying down a fixed balance early.
How long does approval take?
The organisation’s technology-driven underwriting means approvals often occur within:
- A few hours to a few days for factoring
- Several days to weeks for multi-million-dollar ABL facilities
Complex deals naturally take longer, especially those involving multiple asset classes.
Estimated time to receive funds
Once a facility is active:
- Factoring and freight businesses may receive funds within 24 hours
- ABL drawdowns are typically same-week
- Equipment facilities fund after collateral verification is complete
Can a loan be repaid early?
Generally, yes, but with structured facilities like ABL, the concept of “repaying early” is less relevant as you typically use and repay funds as needed.
Is security required?
Always. eCapital’s entire model is secured lending backed by:
- Receivables
- Inventory
- Equipment
There are no unsecured credit products.
What documentation is required
It varies by facility, but common items include:
Business information
- Formation documents
- Business tax returns
- Financial statements (P&L, balance sheet, cash flow)
Business owner information
- Identification
- Ownership structure
- Sometimes personal guarantees (case-specific)
Funding requirement
- Accounts receivable ageing reports
- Inventory listings and valuations
- Equipment schedules
- Customer contracts or purchase orders
Multi-million-dollar facilities involve more due diligence, sometimes including site visits or collateral appraisals.
How to apply for an eCapital business loan
Applying with eCapital doesn’t feel like submitting a quick online form and waiting for an automated decision. Their funding model is built around asset quality, collateral value, and cash-flow behaviour, so the process is more consultative than transactional. Instead of a rate calculator or instant quote, you’re paired with a specialist who structures a facility around your receivables, inventory, or equipment.
For businesses that want a tailored solution rather than a cookie-cutter loan, this approach can be a real advantage. But it also means you should be ready to speak openly about your financials, your customers, and the pressure points inside your cash cycle.
Is the application process different from other lenders?
Yes. While many alternative lenders use instant online applications, eCapital requires direct engagement with a specialist.
This is because:
- Facilities are customised
- Underwriting depends on asset quality
- Terms must match cash-flow realities in each industry
It’s not a “plug in your revenue and get an instant quote” lender. The basic steps will include:
- Speaking with an eCapital advisor via phone or contact form
- Providing business and financial documentation
- Underwriting reviews asset values
- A facility is structured and negotiated
- Funding begins once documents are signed
How to improve your chances of getting funded
- Keep clean, well-organised receivables data
- Demonstrate customer credit quality
- Provide up-to-date financials
- Highlight predictable cash-flow patterns
- Share growth plans to justify facility size
Pros & cons of an Ebury business loan
Before choosing an asset-based lender, it helps to understand what eCapital excels at and where it may fall short for certain types of businesses. Their solutions can unlock meaningful liquidity for companies that generate strong receivables or hold valuable inventory or equipment, but the model isn’t built for everyone. Here’s how the trade-offs break down.
Pros
- High funding limits — into the tens or hundreds of millions
- Accessible for businesses with limited credit history
- Fast approval and funding cycles
- Specialised industry expertise
- Facilities grow with your assets
- ABL, factoring, and equipment finance all under one roof
Cons
- No unsecured loans
- Rates are not published publicly
- Must speak with a representative (no instant online application)
- More documentation than simple online lenders
- Asset-based structure may not suit service businesses without collateral
Alternative funding options from other lenders
If you’re unsure whether an asset-based lender is the right fit, here are alternatives:
- Unsecured term-loan providers for predictable instalment financing
- SBA lenders for government-backed guarantees and lower rates
- Revenue-based lenders for funding based on monthly revenue
- Invoice finance specialists for simpler factoring arrangements
- Equipment finance companies for purchase-specific funding
Each fills a different role depending on your cash-flow needs and collateral profile.
Why use a finance broker?
Most business owners only shop for funding when they urgently need it, which is exactly when the market feels confusing, rushed, and stacked with terms that don’t always mean what they sound like. Asset-based lending adds another layer: advance rates, concentration limits, covenants, collateral monitoring. It’s a lot to navigate while you’re also trying to run a business.
That’s where a broker makes the difference.
A partner like Swoop sits on your side of the table, helping you understand which lenders work best for your industry, which products actually suit your cash-flow patterns, and where you’re likely to get the strongest approval, not just the fastest “yes.” You avoid wasting time on applications that won’t go anywhere, you get clarity on pricing before you sign anything, and you protect yourself from term-sheet surprises that can quietly erode your liquidity.
Get started with Swoop’s business funding platform
If eCapital feels like a strong contender, or if you’re still figuring out whether asset-based lending, factoring, or an entirely different structure fits your situation, Swoop makes the next step easy.
You’ll see lenders compared side-by-side, with clear explanations of how each facility works, what it costs, and why one option might serve your growth better than another. No guesswork, no pressure, and no digging through half a dozen application portals.
When you’re ready, our team helps you move forward with confidence — whether that’s with eCapital, another specialist lender, or a different funding pathway altogether.
If you’re exploring growth and want certainty in your options, apply with Swoop today. You bring the ambition. We’ll bring the clarity.
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