Chicago, IL October 8, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $15.3 million senior secured credit facility to a manufacturer of thermoplastic molds & modeled parts. The company provides customers in various industries with mold design, engineering, tooling, molding, assembly, and finished product. The facility consists of a …
Encina Provides $25MM Facility to Pharmaceutical Company
Chicago, IL October 7, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $25 million senior secured credit facility to a pharmaceutical company. The company is focused on developing, manufacturing, and commercializing its three patented products, which aim to treat ADHD. This facility consists of a revolving line of credit …
Encina Provides $65MM Facility to Leading Oilfield Services Provider
Chicago, IL September 17, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $65 million senior secured credit facility to an oilfield services company. This facility consists of a revolving line of credit based on accounts receivable. The loan proceeds will be used to refinance an existing facility and to …
Encina Upsizes Senior Credit Facility to $500MM
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 …