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 Marquette Business Credit, Hilco, and PNC Business Credit. Ken has also successfully held positions in corporate finance, marketing, and accounting.
In his role, Mr. Pardue will be joining forces with Steve Beriau, an existing Encina business development executive in Chicago. Together they will be responsible for expanding business development and originations in Chicago, Milwaukee, Cleveland, Kansas City and Minneapolis.
“We are excited to welcome Ken on board. His expertise in structuring deals and new business origination will undoubtedly help Encina continue to meet its growth objectives. Ken’s role will be key in promoting the Encina brand throughout the Midwest, and his track record for delivering results make me confident that his contributions will be important to our success” said Rob McMahon, Encina’s Chief Commercial Officer.
Mr. Pardue can be reached at kpardue@encinaBC.com.
Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10–$100 million and secured by accounts receivable, inventory, machinery & equipment and real estate. The platform lends to both privately-owned and publicly-traded companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products. Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings and other special situations. Positive cash flow is not a requirement.