Chicago, IL – August 1, 2019 – Encina Business Credit, LLC (EBC) announced today that it has upsized its senior credit facility to $500 million in total commitments. The facility now includes 12 institutions. This increase in facility size will enable the firm to continue scaling its portfolio of asset-based loans. Launched in March 2016, EBC …
Encina Provides $45MM Facility to Supplier of Hydroponic Products
Chicago, IL July 29, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $45 million senior secured credit facility to a supplier of indoor gardening and hydroponic products. The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds were used to refinance an …
Encina Adds Ken Pardue to its Business Development Team
Chicago, IL – July 15, 2019 – Encina Business Credit announced that Ken Pardue joined its business development team as a Senior Managing Director. Mr. Pardue is a senior leveraged finance professional with over 20 years’ experience in executive management, new deal originations, and underwriting and portfolio management. He previously served in leadership roles at …
Encina Adds Daniel Debrauwere and Steven Janson to its Team
Chicago, IL – June 3, 2019 – Encina Business Credit, LLC (EBC) announced today that Dan deBrauwere and Steve Janson have joined the company as Business Development Officers. Mr. deBrauwere, who will cover southern California from Los Angeles, is a well-respected leader in the financial services industry, with over 20 years’ experience in asset-based lending, …
Encina Provides $24MM Facility to Oilfield Services Company
Chicago, IL May 17, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $24 million senior secured credit facility to an oilfield services company. The facility consists of a revolving line of credit and a term loan. Loan proceeds were used to refinance a commercial bank’s credit facility and provide …
Encina Adds Chris Clifford as its Chief Operations Officer
Chicago, IL – April 30, 2019 – Encina Business Credit, LLC (EBC) announced today that Chris Clifford has joined the company as its Chief Operations Officer. Mr. Clifford, who will work at EBC’s headquarters in Chicago, is a 30-year veteran of the asset-based finance industry having worked most recently at US Bank where he was …
Encina Provides a $35MM Loan to an Oil Field Services Company
Chicago, IL –April 25, 2019–Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured revolving credit facility to an oil field services company. The credit facility is based on accounts receivable, inventory, and machinery & equipment. The company specializes in abrasion resistant liner technology and will use the loan …
Encina Adds Dan Williams to the Team as Managing Director
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 …
Encina Provides a $15MM Loan to an Oil Field Services Company
Chicago, IL –April 18, 2019–Encina Business Credit, LLC (EBC) announced today that it has provided a $57.5 million senior secured revolving credit facility to a manufacturer and supplier of concrete construction products. The credit facility consists of a revolving line of credit based on accounts receivable, inventory, and a rental fleet. The loan will be …
Encina Adds Jim B. Allin to its Business Development Team
Chicago, IL – March 27, 2019 – Encina Business Credit, LLC (EBC) announced today that Jim B. Allin has joined the company as Managing Director to lead origination efforts in Texas and Louisiana. Mr. Allin has more than 35 years of experience in asset-based lending and international commercial banking. He previously served as the head …