Encina Provides $5MM Revolver to Animal Nutrition Firm

Encina Business Credit provided a $5 million asset-based revolving credit facility to a provider of animal nutritional supplements based in the Southwestern U.S.

The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which will be used to refinance the borrower’s existing credit facility and to fund working capital.

Chicago-based EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada that cannot obtain required financing from traditional banks.