eCapital

Best for: B2B companies and trucking carriers in the U.S., Canada or the U.K. whose customers pay on net terms and who want cash within a day, plus mid-sized firms that may later need a larger asset-based facility from the same lender.

Not for: Businesses factoring around $10,000 a month or single invoices under $25,000 (StartupOwl calls them a poor fit), consumer-facing sellers, or anyone who wants a published price before talking to sales.

Lender List verdict: eCapital has financed more than 42,000 clients since 2006 across the U.S., Canada and the U.K., with advances of up to 100% and freight payouts within an hour. Pricing is quote-only: at a 3% fee per 30 days, a 45-day, $100,000 invoice costs $4,500, or about 41% simple annualized.

eCapital review at a glance

eCapital factors invoices and freight bills with advances of up to 100% and fees of 1% to 5% or more.

What is eCapital?

eCapital Corp is a Miami-based specialty finance company, founded in 2006, that has financed more than 42,000 clients across the U.S., Canada and the U.K. It started as Global Merchant Fund Corp. and grew by buying other lenders, most recently LSQ (announced January 2025).

It runs two main lines, factoring and commercial finance (asset-based, inventory, acquisition and DIP loans), with 850+ employees serving 80+ industries.

How eCapital invoice and freight factoring works

eCapital buys your unpaid B2B invoices, advances up to 100% of their value, and collects from your customers. Approval rests mainly on your customers' credit, not your own.

• Invoice factoring: Advances usually land within 24 to 48 hours after approval, often within 24 hours. Staffing, manufacturing, wholesale, healthcare and distribution are named fits.
• Freight factoring: Carriers can be paid within an hour, including weekends. eCapital says there are no long-term contracts and no monthly payment obligations.

How the funding cycle works

eCapital pays the advance once it verifies an invoice; the remainder follows when your customer pays.

1. You invoice your customer and submit the invoice to eCapital.
2. eCapital verifies it and sets the advance and fee.
3. The advance is paid, often within 24 hours (within an hour for freight).
4. Your customer pays eCapital directly.
5. eCapital deducts its fee and sends you the balance (the rebate).

eCapital advance rate, factor fee, and recourse

eCapital quotes fees of 1% to 5% or more of each invoice and advances up to 100%, but it publishes no fee schedule. Your customers' credit, your volume and payment speed set the fee.

• Advance: Up to 100% (the freight FAQ also says up to 98%; StartupOwl reports up to 90%, 95% for trucking).
• Fee basis: StartupOwl reports 1% to 5% per 30 days for standard factoring and 1.5% to 3.5% per 30 days for transportation.
• Recourse: Both offered on freight. Under recourse you buy back invoices still unpaid after a set period, usually 60 to 90 days. StartupOwl says non-recourse adds 0.25% to 0.75%.
• Contract: None long-term for freight; StartupOwl reports about 12 months as typical for invoice factoring.

Worked example: factor a $100,000 invoice at a 90% advance and 3% per 30 days (the middle of the reported range), prorated, with your customer paying on day 45. You receive $90,000 up front. The fee is $4,500 ($100,000 × 3% × 45 ÷ 30), so your rebate is $5,500. That is about 41% simple annualized on the cash you used (about 49% compounded). Billed in full 30-day blocks, it is $6,000 (about 54%). At the 1% low end the same invoice costs $1,500, roughly 14%.

eCapital requirements

eCapital sets no published minimum credit score, revenue or time in business, and startups can qualify because your customers' credit drives approval.

Pros and cons

eCapital's strengths are speed and scale, with freight funding in an hour and room to move into asset-based lending; its weakness is that you can't see a price before applying.

Pros

• Advances of up to 100%
• Freight paid within an hour, weekends included
• Startups can qualify on customer credit
• Recourse or non-recourse on freight
• Factoring and $5 million to $250 million facilities under one roof

Cons

• No published fee schedule; quote only
• The reported fee range runs up to 5% per 30 days, over 60% annualized
• Third-party reviewers report 12-month contracts for invoice factoring
• Trustpilot score of 3.6 out of 5 is middling for the category

eCapital alternatives on Lender List

The closest eCapital alternatives on Lender List are FundThrough, which publishes its fee, and Riviera Finance, which specializes in non-recourse factoring.

• FundThrough — 100% advances at a published 1.9% to 2.9% per 30 days
• Riviera Finance — non-recourse factoring with advances up to 95%
• Star Funding — 1% to 3% per 30 days, plus purchase order funding
• SouthStar Capital — advances up to 90%; startups considered
• Liquid Capital — advances up to 85% through a U.S. and Canadian franchise network
• Browse all invoice factoring companies and asset-based lenders on Lender List

Frequently asked questions about eCapital

Is eCapital Legit? Yes. eCapital has operated since 2006 and financed more than 42,000 clients. Its freight unit is BBB accredited with an A- rating (32 complaints), and Trustpilot shows 3.6 out of 5 from 1,606 reviews. California's DFPI fined that unit $2,500 in 2022 over a licensing-system filing, and a 2023 license revocation was rescinded in 2024.

Who Owns eCapital Corp, and Is It Still in Business? eCapital Corp is privately held and does not publish its owners; Marius Silvasan is CEO. It is still in business: it announced new facilities of $10 million to $30 million between August and October 2026 and has been the buyer, not the target, in its acquisitions.

How Do I Log In to eCapital? Clients sign in to eCapital's online client portal from ecapital.com, where they submit invoices and move funds around the clock. For login help, call eCapital's client support line at 866-604-8489; new applicants can reach the main sales line at 855-635-3707.

What Is the eCapital Fuel Card? The eCapital fuel card is a perk for freight factoring clients that gives fuel discounts at 16,000 locations. StartupOwl estimates the savings at 5 to 20 cents a gallon. In July 2026 eCapital also announced a partnership with AtoB for fuel savings and digital payments.

Does eCapital Do Freight Factoring? Yes. Freight factoring is one of eCapital's two core businesses. Carriers can be paid within an hour, including weekends, with advances of up to 100%, no long-term contract and free broker and shipper credit checks. Startup carriers can qualify on their customers' credit.

How Much Does eCapital Factoring Cost? eCapital quotes 1% to 5% or more of each invoice and publishes no fee schedule; StartupOwl reports that rate as per 30 days. In our worked example, a $100,000 invoice paid in 45 days at 3% per 30 days costs $4,500.

Is eCapital Recourse or Non-Recourse? Both, for freight. Recourse is the default, per StartupOwl: you buy back invoices your customer hasn't paid after a set period, usually 60 to 90 days. Non-recourse shifts the loss from a customer's insolvency to eCapital, and StartupOwl reports it adds about 0.25% to 0.75% to the fee.

Will My Customers Know I'm Factoring? Usually, yes. eCapital typically has your customers pay it directly, though the exact arrangement depends on your agreement. eCapital also checks those customers' credit and handles collections on factored invoices, so your customers will deal with its team on payment questions.

Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.