Encina Business Credit announced today that Garett Figueroa joined its business development team as a Managing Director.
Mr. Figueroa is an asset-based lending finance professional with over 9 years of business development and credit risk experience at bank lenders and non-bank private debt funds. Garett holds a BS in Business Administration & Management from the University of Southern California’s Marshall School of Business.
In his role, Mr. Figueroa will be responsible for expanding business development efforts in Wisconsin, Ohio, Missouri, Kansas, and Minnesota, while also joining forces with Steve Beriau, an existing Encina business development executive, to cover the Chicago market.
Mr. Figueroa can be reached at gfigueroa@encinaBC.com
Launched in 2016, Encina is one of the country’s leading independent asset-based lending platforms providing financing to middle-market borrowers in the U.S. and Canada. The firm offers revolving lines of credit and term loans ranging in size from $10 – $125 million that are secured by accounts receivable, inventory, machinery & equipment and real estate. Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, recapitalizations, restructurings/turnarounds, debtor-in-possession (DIP) facilities, exit financings, and other special situations. Positive cash flow is not a requirement.