eCapital Corp. (“eCapital”), a leading tech-enabled finance provider across North America and the U.K., today announced the closure of a $15 million ABL revolving credit facility and a $2 million term loan to TalentBridge, a prominent recruiting and staffing agency with offices across the U.S. The deal adds to eCapital’s deep portfolio and experience in the talent and staffing industries.
The tight labor market has created a significant growth environment for TalentBridge, which serves local and global clients. A sought-after partner for employers seeking recruiting expertise, the company sought a financial partner to support its aggressive expansion. With a demonstrated commitment to providing faster and more flexible payroll funding solutions, eCapital was the clear choice. This year alone, eCapital has issued over $53 million in new and increased facilities, underscoring its success in providing funding for the staffing industry.
“eCapital shares our passion for putting customers first, working to solve their pain points with industry-leading results,” said Thomas C. Ioele, TalentBridge CEO. “They delivered innovative solutions that no other lender offers, providing everything we need and more: fast access to funds and a collaborative partnership approach to help us continue to grow.”
“We are proud to partner with a recognized leader in the talent and staffing industry and leverage our expertise to help with their exponential growth,” said Raphael Torres, Managing Director – Staffing Division for eCapital. “The TalentBridge team continues to provide outstanding talent solutions to a market which is in urgent need of specialized candidates, and we are honored to be a part of their effective approach to staffing.”
“This deal brings together two leaders in the talent industry and showcases our ability to provide a comprehensive set of funding solutions to an industry addressing a critical need for quality candidates,” added Jeffrey Duclow, SVP – Business Development Officer for eCapital Commercial Finance. “We are proud to create deep, collaborative relationships with our staffing clients to fuel their growth with flexible funding that supports their business needs and ultimate success.” eCapital’s staffing division, launched in August of 2021, has received a phenomenal response from the market. Uniquely structured to support the financing needs of small to medium staffing companies, the team comprises staffing account management and operations experts with extensive experience serving the needs of the industry.