Here at eCapital Commercial Finance, we are working hard to empower Scottish businesses by accelerating their access to cash and to provide flexible funding solutions to boost working capital. In times of economic downturn, many traditional funders tend to tighten their purses or show a reduced appetite for new lending which drives viable opportunities for alternative providers like eCapital to showcase their product offering.

Similarly, with many businesses emerging post pandemic with a higher gearing and an increased HMRC burden they are showing a willingness to consider other forms of funding without the need to take on any “new” debt.

Our ability as a financier, to provide a local expertise underpinned by a pragmatic and commercial approach to funding is at odds with some of our other more traditional counterparts who are less relationship focused and more centralised.

Invoice finance is a valuable working capital tool that provides easy and immediate funding to a business by monetising its invoices early and creating a highly desirable injection of cash to support growth. The rise in popularity of this funding solution has meant that it is more competitive now than ever before, due to its built-in flexibility and ease of implementation. With over £19 billion of funds being injected into the SME market, it has now become a primary source of business funding.

By remaining committed to delivering these kinds of funding solutions over the last two years, eCapital has seen an impressive uplift in the amount of finance provided, with currently around £160 million of funding support across the UK. Offering a full range of invoice finance facilities to small and medium sized businesses to businesses on their own terms they ensure that they capitalise on opportunities as they arise. With funding facilities available from start up to £3m, eCapital is extremely well placed to support the future growth strategies of Scottish firms seeking cashflow surety.

Our Scottish regional team, based in the heart of Glasgow’s business district, has a long-standing track record of delivering straightforward and bespoke funding solutions across many industrial sectors including recruitment, manufacturing, haulage and distribution. Its fully operational office ensures fast and localised decision making with funding in many instances being made available within 24 hours.

With plans for new larger offices on the horizon, we remain steadfast in our plans to become the leading provider of invoice finance in the UK and look forward to supporting the growth aspirations of Scottish SMEs amidst their challenges ahead.

For more information about how eCapital can help your business please contact our Scottish team on 0141 468 8884.