Encina Business Credit Closes $180 million of New Business

Austin Capasso Press

Encina Business Credit closed five deals ranging in size between $15 million and $75 million in 1Q2020. Borrowers were both publicly traded and privately held, and included such industries as manufacturing, publishing, e-commerce, engineered products, and energy.
As one of the country’s leading independent asset-based lending platforms, Encina’s success is a direct result of our ability to consistently deliver on what our customers have told us they most value – an approach that is Solutions Driven, and Liquidity/Commitment Focused.
Whether it was the deal that we underwrote, documented and closed in 6 days, or another where we were able to provide more liquidity and contractual flexibility than our competitors; borrowers repeatedly told us this quarter how much they valued our fast and adaptable approach when partnering to solve their financing needs.
Since Encina is nonregulated, we can accommodate many situations that traditional lenders cannot. For example, positive cash flow and traditional covenant parameters are not necessary.
Headquartered in Chicago, with offices across the United States, Encina provides revolving lines of credit and term loans ranging in size from $10–$100 million which are secured by accounts receivable, inventory, machinery & equipment and real estate.
Our borrowers use loan proceeds to address a variety of objectives, including seasonal working capital, acquisitions, refinancing, growth, turnarounds, debtor-in-possession (DIP) financing, plan of reorganization financing, and other special situations.
If your company or one of your client’s is facing uncertainty with their existing finance provider, please feel free to contact us to discuss how Encina may be able to help provide you a bridge to a more stable future.