Encina Provides $10MM Loan to Online Products Retailer

admin Press, Revolving Credit Line, Term Loan

Encina Business Credit, LLC (EBC) announced today that it has provided a $10 million senior secured credit facility to an online consumer products retailer. The credit facility consists of a revolver secured by accounts receivable and inventory, the proceeds of which have been used to refinance the company’s existing senior credit facility and to provide working capital for growth.

source: ABF Journal article