Английская Википедия:ECapital
Шаблон:Short description Шаблон:Orphan Шаблон:Lowercase title Шаблон:Infobox company eCapital is an international provider of Invoice and Freight Factoring and Asset-based lending services headquartered in Miami, Florida with operations in the United States, Canada, and the United Kingdom.[1][2] Marius Silvasan is the current chief executive officer of the company.[3]
In 2021, all of their subsidiaries and acquired companies were consolidated under one company, named eCapital.[4]
History
Steve McDonald founded the company as Global Merchant Fund Corp in 2006.[3][5]
In 2017, Gerber Finance, a company that specializes in assisting importers, distributors, manufacturers, and service providers, was acquired by Global Merchant Fund Corporation.[6][7]
In 2018, Paragon Financial Group was acquired by Global Merchant Fund Corporation. Paragon Financial Group specialized in accounts receivable financing, credit protection, non-recourse invoice factoring, purchase order financing, and vendor guarantees.[6][7]
In 2019, Global Merchant Fund Corporation acquired Accutrac Capital, a company active in freight factoring, a sub-sector of transportation market.[7]
In 2020, the company renamed itself as eCapital.[3] In the same year, eCapital acquired Advantedge Commercial Finance, a UK-based specialty lender and factoring company; Bibby Financial Services; REV Financial Group, a factoring company based in Los Angeles; and Prosperity Funding, a Fort Lauderdale-based factoring company.[7][8]
In November 2021, eCapital acquired Flexible Funding, payroll funding firm specializing in funding assistance for the staffing industry, and its subsidiary, InstaPay, that provides freight factoring services.[7][9]
In 2022, eCapital acquired UMB Bank's accounts receivable financing division and a company called CNH Finance that was active in the healthcare sector.[7]
In 2023 Former CEO Jennifer Palmer filed a Gender Discrimination lawsuit against eCapital in a Southern District of New York court.[10][11]
Fees and Expenses
eCapital charges a $750 minimum termination and UCC release fee for any contact, as well as an hourly rate of $250 and other expenses for the work of the termination. Early Terminations include the previous costs, plus up to 10% of the available client credit, plus other expenses.[12]
$25 Fuel Advance fee, Initial account fees which are a percentage or the credit, Minimum Value invoice fees, 15% mission notation fee on invoices, $200 late email/submission fax fees[13]
Trucking Industry Reviews
The Truckers report website performed a review consolidation of its members about eCapital. The result of the review was that the overall impression of eCapital was "Very Negative"[13] The main concerns and highlights listed were as follow:
- Difficulties in contract termination and leaving the company: The main complaints are exorbitant termination fees and very poor to almost nonexistent client service responses.[13]
- Refusing to return escrow/reserve money back to clients.[13]
- Not releasing UCC in a timely manner.[13]
- Multiple paged legal contracts that are only web based, and change without any notice.[13]
- Aggressive and Dishonest Sales.[13]
- Nonexistent customer service.[13]
- Poor Communication.[13]
- Exorbitant termination fees.[13]
- Problems with releasing funds and getting paid.[13]
- Unauthorized Factoring[13]
There were no positive highlights in the review[13]
Gender Discrimination
Jennifer Palmer, former CEO of eCapital, filed a lawsuit in a Southern District of New York court
Stated in the Lawsuit by Palmer: Palmer was demoted to co-CEO due to retaliation for filing a gender discrimination complaint with CEO Marius Silvasan, and then later terminated because of the complaints she made, and replaced by someone who was less qualified (and male).[10][11]
Products and services
- Invoice and factoring, collateral lending and Equipment financing, Lines of credit.
References
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 3,0 3,1 3,2 Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 6,0 6,1 Шаблон:Cite web
- ↑ 7,0 7,1 7,2 7,3 7,4 7,5 Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 10,0 10,1 Шаблон:Cite web
- ↑ 11,0 11,1 Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 13,00 13,01 13,02 13,03 13,04 13,05 13,06 13,07 13,08 13,09 13,10 13,11 13,12 Шаблон:Cite web
