Why EGC?

Entrepreneur Growth Capital dates back to 1937. Dean Landis, the owner and President of EGC, represents the third generation of management.

At EGC, you will work directly with Dean and other senior officers. There are no credit committees to delay decision making. All senior managers have at least 20 years of experience in asset based lending or factoring. Clients receive a level of service unattainable by larger institutions.

By being independently owned, decisions are made quickly. As an asset based lender, EGC is more interested in management expertise and asset quality, than in financial statements and projections. Because we are not venture capitalists, we do not get involved with managing your company or receiving equity.

EGC primarily lends to businesses with sales from $1 million to $50 million. Funding can be structured as either a loan or a purchase of accounts, depending on the situation. Both long and short term funding are available. Funding can be based on accounts, inventory, machinery and equipment, and real estate.

EGC provides funding for companies that choose not to go to banks or venture capitalists. We specialize in innovative solutions to difficult situations. Within minutes of speaking to one of our representatives, you will know whether we can be of service.

 
Contact Us info@egcap.com

Recent Fundings

Type: Asset Based Lending
Amount: $2,000,000
Collateral: A/R
Industry: IT Consulting
Location: NJ
Date Issued: 9/08
This consulting firm has been growing by acquisition.  They were with a factoring company and the relationship was satisfactory.  They received 85% of their eligible accounts under 90 days old.  The problem was that the factoring company was not approving all of their accounts giving them an effective 70% advance rate.  They claimed that these accounts were uninsurable.  EGC was able to give them 85% against all of their under 90 day accounts while taking secondary mortgages on the principals’ homes as back up collateral.  This is allowing the company to meet their current working capital commitments and continue to pay off several seller notes that they owe.  Moreover, by switching them into an asset based facility, their cost of funding was reduced by 25%.
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Type: Factoring
Amount: $400,000
Collateral: Legal Fee
Industry: Legal
Location: NY
Date Issued: 8/08

A New York City personal injury law firm won a hard-fought, five-year battle in a wrongful death lawsuit against multiple defendants. Their victory was bittersweet, because they would have to wait at least six months for the Surrogate's Court to issue a decree permitting payment of the fees. With other major cases ready to go to trial and expert witnesses insisting upon payment before testifying, the lawyers approached EGC Attorney Funding for legal fee acceleration. We verified their settlement and advanced them the funds they needed within a week.

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Type: Factoring
Amount: $500,000
Collateral: A/R
Industry: Messenger Service
Location: NY
Date Issued: 8/08
This messenger service was a former client of EGC’s.  When they received a large private equity investment two years ago, they were able to pay off EGC.  The majority of that money was used to build out infrastructure so that the company could greatly expand.  They have grown 500% since then and are about to receive an additional funding from the original investor and two new ones.  In the meantime, their cash flow was tight and they used some spot funding to carry them over until the second funding closes.
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