Currently Browsing:Asset Based Lending

Encina Business Credit Hires Former Executive Jeffrey Linstrom as General Counsel

Chicago, IL – January 25, 2018 – Encina Business Credit, LLC (EBC) announced today that Jeffrey Linstrom has joined the company as General Counsel. Mr. Linstrom, who is based out of EBC’s headquarters in Chicago, has approximately 30 years of experience in asset-based lending, commercial finance and restructuring finance. Before joining the company, he spent

Read More

Encina Business Credit Appoints Stephen Beriau to Lead Originations for Midwest Region

Chicago, IL – January 19, 2018 – Encina Business Credit, LLC (EBC) announced today that Stephen Beriau has been appointed Managing Director of Originations with responsibility for leading new business development activity for the Midwest Region. Mr. Beriau, who is based out of the company’s headquarters in Chicago, assumes this new role with the benefit

Read More

Encina Business Credit Adds GE Capital Veteran Clark D. Griffith to Lead West Coast Originations

Chicago, IL – January 10, 2018 – Encina Business Credit, LLC (EBC) announced today that Clark D. Griffith has joined the company as Senior Managing Director to lead originations on the West Coast. Mr. Griffith, who is based in Los Angeles, has nearly 20 years of experience in asset-based lending and commercial finance, mostly with

Read More

Encina Business Credit Provides $40MM Revolver to Oilfield Services Company

Encina Business Credit, LLC (EBC) announced that it has provided a $40 million asset-based revolving credit facility to an oilfield services company. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which have been used primarily to facilitate an acquisition and to provide for working capital. Launched in March 2016,

Read More

Encina Business Credit Supports Transom Capital’s Acquisition of A.T. Cross Company

Encina Business Credit, LLC (EBC) announced that it has provided an asset-based credit facility to A.T. Cross Company (Cross). The financing was used to help fund Transom Capital Group’s acquisition of the company’s assets. Based in Providence, Rhode Island, Cross is the nation’s largest and oldest manufacturer of fine writing instruments and related accessories. Launched

Read More

Encina Capital Partners Hires GE Capital Vet as Chief Operating Officer

Encina Capital Partners announced that Robert McMahon has joined the firm as Chief Operating Officer. Based in Encina’s office in Stamford (CT), Mr. McMahon will be responsible for a broad range of key commercial, operational and strategic functions in support of the firm’s existing commercial finance platforms – Encina Business Credit and Encina Equipment Finance –

Read More

Encina Business Credit Provides $25MM ABL Revolver to Government Services Company

Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which will be used primarily to provide working capital for growth. Launched

Read More

ENCINA BUSINESS CREDIT PROVIDES $ 15 MILLION REVOLVER TO MANUFACTURER AND SERVICE PROVIDER FOR THE OIL & GAS INDUSTRY

Chicago, IL – February 13, 2017 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million asset-based revolving credit facility to a manufacturer and service provider for the oil & gas industry that is based in the Southwestern U.S. The credit facility consists of a working capital revolver secured primarily

Read More

ENCINA BUSINESS CREDIT PROVIDES $30 MILLION

ENCINA BUSINESS CREDIT PROVIDES $30 MILLION CREDIT FACILITY TO VERTEX ENERGY Chicago, IL – February 8, 2017 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to Vertex Energy, Inc. (Vertex). The financing, which is comprised of a revolving line of credit, a funded term loan

Read More

Encina Business Credit Provides $25MM ABL Facility to Electronic Device Repair Co.

Encina Business Credit, LLC (EBC) announced that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company based in the Midwestern 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 fund working capital associated

Read More