Encina Provides $38MM Revolving Credit Facility to Daytona Apparel Group

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that is has provided a $38 million senior secured revolving credit facility with a $10.5 million term loan from Tiger Finance to Daytona Apparel Group. Daytona Apparel Group is a designer, manufacturer, and distributor of apparel, including socks, underwear, loungewear and sleepwear. The revolving line of credit, which is …

Encina Provides $80MM Revolving Credit Facility to a National Distributor

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided an $80 million senior secured revolving credit facility to a national distributor of media and consumer goods. The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility and provide ongoing working capital …

Encina Provides $10MM Revolving Credit Facility to Cycling Company

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that is has provided a $10 million senior secured revolving credit facility to a designer, marketer, and distributor of mid-priced and premium bicycles. The revolving line of credit, which is collateralized by accounts receivable and inventory, will provide financing of the company’s working capital and capex requirements. Encina’s demonstrated …

Encina Closes $286 Million of New Business to Retail Companies in Last 12 Month

Austin Capasso Press, Revolving Credit Line

The challenges faced by traditional retailers and eCommerce companies, over the past year, have been extraordinary.  In an effort to help retailers meet these hurdles, Encina Business Credit worked with many of them delivering on the value proposition for which we have become known, which is solution driven and liquidity focused. When Encina Business Credit …

Encina Provides $25MM Revolving Credit Facility to E-Commerce Retailer

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that is has provided a $25 million senior revolving credit facility to an e-commerce retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital financing.  In addition, the facility offers a $10 million accordion feature that allows …

Encina Provides $21MM Revolving Credit Facility to Retail Pharmacy Chain

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided a $21 million senior secured revolving credit facility to a regional retail pharmacy chain. The senior secured revolving line of credit, which is collateralized by accounts receivable, inventory, and prescription scripts was used to refinance the borrower’s existing facility and contains a committed accordion that …

Encina Provides $35MM Revolving Credit Facility to Retailer

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided a $35 million senior secured revolving credit facility to a retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility. Encina’s demonstrated track record in the retail industry, provided the borrower …

Encina Provides $40MM Revolving Credit Facility to Food Packaging Company

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided a $40 million senior secured revolving credit facility to a food packaging company. The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing bank facility. Encina arranged to bring in another lender to …

Encina Provides $30MM Revolving Credit Facility to E-Commerce Retailer

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided a $30 million senior secured revolving credit facility to an e-commerce retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable, credit card receivables, and inventory, was used by the company’s private equity investor to finance its acquisition and ongoing working …

Encina Provides $80MM Credit Facility to Provider of Business Process Services

Austin Capasso Press, Revolving Credit Line

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 …