Chicago, IL – April 22, 2019 – Encina Business Credit, LLC (EBC) announced today that Dan Williams has joined the company as a Managing Director. He and Sean Sheehan will co-lead origination efforts throughout the northeast, focusing on New York and Boston, and they will report to Rob McMahon, Encina’s Chief Commercial Officer. Mr. Williams has 25 years of experience in asset-based lending and has developed strong relationships across the ABL community at commercial banks, direct lending funds, and private equity sponsors. He has worked as an underwriter, a portfolio manager, and most recently as a Managing Director at Great American Group, focused on business development. In addition, Mr. Williams has held positions at banks and non-regulated institutions including GE Capital, Capital Source, and HSBC.
Mr. Williams can be reached at dwilliams@encinaBC.com.
Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10–$100 million and secured by accounts receivable, inventory, machinery & equipment and real estate. The platform lends to both privately-owned and publicly-traded companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products. Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings and other special situations. Positive cash flow is not a requirement.