Encina Provides $45MM Facility to Supplier of Hydroponic Products

Olivia Coolbrith Press, Revolving Credit Line, Term Loan

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 Provides a $35MM Loan to an Oil Field Services Company

admin Press, Revolving Credit Line, Term Loan

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 Provides a $15MM Loan to an Oil Field Services Company

admin Press, Revolving Credit Line, Term Loan

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 Provides a $15MM Loan to a Metal Engineering Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL –March 14, 2019–Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured revolving credit facility to a metal engineering and fabricating company. The credit facility consists of a revolving line of credit based on accounts receivable and inventory. Launched in March 2016, EBC is an independent asset-based …

Encina Provides $25MM Loan to Electronic Device Repair Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – February 21, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which are being used to …

Encina Provides $35MM Loan to an I.T. Services Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – February 20, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured credit facility to an information technology services company. The financing, which is comprised of a revolving line of credit, was used to fund an acquisition, repay existing senior debt and provide working …

Encina Provides $30MM Loan to Transportation Services Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – January 9, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to a transportation services company. The financing, which is comprised of a revolving line of credit, will be used to repay existing senior debt and provide working capital for growth. …