Currently Browsing:Asset Based Lending

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

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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

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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

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Top 10 Asset-Based Finance News Stories of 2016

Here is a list of the stories that sparked the most interest in the asset-based finance industry during a tumultuous 2016. 1. Former Gibraltar CEO Launches Stonegate Capital Former Gibraltar Capital CEO Darren Latimer launched Stonegate Capital Holdings to provide $1 million to $10 million asset-backed loans to established lower middle market enterprises and emerging

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Encina Business Credit Provides $7MM ABL Revolver to Specialized Printer

Encina Business Credit, LLC (EBC) announced that it has provided a $7.0 million asset-based revolving credit facility to a specialized printing company based in the Northeastern 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

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ENCINA BUSINESS CREDIT PROVIDES $31.5 MILLION CREDIT FACILITY TO KATY INDUSTRIES

Chicago, IL – November 16, 2016 – Encina Business Credit, LLC (EBC) announced today that it has provided a $31.5 million senior secured credit facility to Katy Industries, Inc. (Katy) and its wholly-owned subsidiary, Continental Commercial Products, LLC. The financing, which is comprised of a revolving line of credit and two term loans, will be

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ENCINA BUSINESS CREDIT PROVIDES $30 MILLION DEBTOR-IN-POSSESSION FACILITY TO AMERICAN APPAREL

Chicago, IL – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million Debtor-In-Possession (DIP) facility to American Apparel (USA) LLC, a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel products. The DIP financing, which has been approved by the United States Bankruptcy Court for the District of

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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

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Allied Alloys wins new lender’s first finance deal

http://www.amm.com/Article/3564811/Home/Allied-Alloys-wins-new-lenders-first-finance-deal.html Comment: NEW YORK — Allied Alloys LP has landed a $20-million revolving credit facility from Encina Business Credit LLC, representing the newly formed lender’s first financing deal. “Because of the type of (credit) structure we put together working with Encina, (which) just entered the market, we have access to more working capital,” Ron Cayon,

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