What challenges are small and medium-sized companies dealing with in the case of getting the capital they want once they want it? What position does expertise – particularly enabling applied sciences like automation and AI – play in serving to make it simpler for entrepreneurs and SMBs to entry vital financing?
This week, Finovate VP and host of the Finovate Podcast Greg Palmer spoke with Marius Silvasan, CEO of eCapital, to debate these and different points necessary to small companies and the monetary providers firms that serve them.
“SMBs on this present market are below strain,” Silvansan defined in his Finovate Podcast interview. “They’re challenged. And the explanation behind that’s we’ve come from an setting by which inflation is coming down, however has been excessive over the past year-and-a-half. We’ve come from an setting by which borrowing prices had been close to zero – they usually’ve elevated considerably over the past a number of years. And the labor market has been very tight, so it’s been robust for SMBs to rent, it’s been robust for SMBs to retain certified personnel. In order that’s made the setting for SMBs fairly difficult over the a number of years.”
Headquartered in Miami, Florida, eCapital helps small and medium-sized companies safe the financing they want with a purpose to develop. Based in 1993, eCapital provides a variety of financing options together with freight and bill factoring, payroll funding, asset-back lending, gear refinancing, and contours of credit score.
This month alone, the corporate introduced that it had funded a $15 million factoring facility for a expertise firm within the transportation business, and funded a $5 million asset-based lending facility for a number one fiberglass media firm.
Try extra interviews with fintech founders, executives, and entrepreneurs on the Finovate Podcast!
Picture by Michal Czyz on Unsplash
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