Encina Business Credit, LLC announced today that it has provided an $80 million senior secured revolving credit facility to a leading global provider of Business Process Services. The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to finance ongoing working capital financing. Encina’s demonstrated track record for closing similar …
Encina Business Credit Provides $115MM Revolving Credit Facility to Retailer
Chicago, IL November 13, 2020 – Encina Business Credit, LLC announced today that it is the Revolving Agent on a $115 million senior secured credit facility used to support the acquisition of a mid-sized discount retailer of home décor. The revolving line of credit, which is collateralized by accounts receivable and inventory was used to …
Encina Business Credit Closes $305 Million of New Business in 3rd Quarter
In early 3rd quarter as much of the country was planning it’s next steps after reopening, Encina Business Credit (EBC) was hard at work helping deliver to our customers, prospects and their financial advisors something they told us they valued greatly in turbulent times – asset based financing that is fast, flexible and certain. Whether …
Encina Provides $75MM Credit Facility to Provider of Government & Business Services
Chicago, IL October 8, 2020 – Encina Business Credit, LLC announced today that it has provided a $75 million senior secured revolving credit facility to a leading global provider of risk management and operational support services to government and commercial clients. The senior secured revolving line of credit, which is collateralized by accounts receivable, was …
Encina Provides $72.5MM Facility to Manufacturer of HVAC Products
Chicago, IL – September 30, 2020 – Encina Business Credit, LLC announced today that it has provided a $72.5 million senior secured credit facility to a leading manufacturer and distributor of heating, ventilating and cooling products used in both residential and commercial applications. The credit facility, comprised of both a revolver and term loan, provided …
Encina Provides $50MM Revolving Credit Facility to News Publishing Company
Chicago, IL September 18, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $50 million senior secured credit facility to a news publishing company. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory. Loan proceeds will be used to support a purchase …
Encina Provides $12.5MM Revolving Credit Facility to a Marketing Services Provider
Chicago, IL July 27, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $12.5 million senior secured credit facility to a provider of digital and telephonic marketing services. The facility consists of a senior secured revolving line of credit based on accounts receivable. Loan proceeds will be used to pay …
Encina Provides $70MM Revolving Credit Facility to a Processor and Distributor of Milk
Chicago, IL July 21, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $70 million senior secured revolving credit facility to a leading national processor and distributor of branded and private label milk. The revolver was provided to help finance the acquisition of the company and to provide ongoing working …
Encina Provides $25MM Facility to a Leading Distributor and Processor of Steel
Chicago, IL July 15, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $25 million senior secured credit facility to a value-added master steel distributor and processor. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory, plus a senior secured term loan. …
Encina Provides $35MM Facility to a Leading Supplier and Distributor of Paint Supplies
Chicago, IL June 22, 2020 – Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured credit facility to a leading retailer and distributor of paint and paint supplies. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory. Launched in 2016, …