eCapital lifts UK funding ceiling from £6m to £10m in mid-market push

eCapital Commercial Finance UK has raised its maximum funding capacity to £10m, extending a platform that had previously advertised funding lines of up to £6m further into the UK mid-market.

The new ceiling is available immediately to both new and existing clients and represents a £4m increase on the capacity previously shown by eCapital’s UK business. The company offers invoice finance, invoice discounting, selective invoice finance, cash-flow finance and other specialist working-capital products.

eCapital said the expansion is intended to capture companies whose requirements have grown beyond their existing funder’s capacity but which may not fit the processes or appetite of mainstream banks.

The change does not mean eCapital is abandoning smaller borrowers. Some 60% of its current UK client base has facilities of £500,000 or less, according to the company, and management said that segment will remain central to the business.

For the invoice-finance market, the increase matters because facility ceilings influence which businesses a specialist lender can compete for as clients grow. A company that outgrows a £5m or £6m receivables line may otherwise need to refinance with a larger bank or another independent funder, potentially moving the entire relationship.

Raising the maximum to £10m gives eCapital greater room to retain businesses as turnover and receivables increase and to compete for larger new mandates.

The company has not disclosed how the higher capacity is funded, whether £10m is available across every product, or what advance rates, concentration limits and pricing will apply to facilities at the top end of the range. Individual availability will therefore continue to depend on the structure and credit characteristics of each transaction.

The expansion follows eCapital’s recent UK management build-out. John Nelson was appointed managing director earlier in August, a move BCR has already covered, while Camilla Woodrow subsequently joined as head of HR. The funding increase is a separate commercial development rather than a repeat of those appointments.

For eCapital, the strategic shift is therefore one of range rather than market exit: maintaining a client base concentrated in smaller facilities while creating capacity to follow stronger borrowers further up the funding curve.