Encina Upsizes Existing Revolver from $25 Million to $73.5 Million

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – June 7, 2018 – Encina Business Credit, LLC (EBC) announced today that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to  $73.5 million.  The increase in commitment amount coincides with the company closing a significant acquisition, and the expanded facility will be used primarily to provide working capital for continued growth.

source: Industry News via ABL Advisor