Encina Closes $286 Million of New Business to Retail Companies in Last 12 Month

Austin Capasso Press, Revolving Credit Line

The challenges faced by traditional retailers and eCommerce companies, over the past year, have been extraordinary.  In an effort to help retailers meet these hurdles, Encina Business Credit worked with many of them delivering on the value proposition for which we have become known, which is solution driven and liquidity focused.

When Encina Business Credit was approached to provide financing under a tight time frame for the acquisition of a large discount retailer, our team responded with a swift and smooth execution of a $115MM revolving credit facility within 2 weeks’ time. The credit facility provided a brick-and-mortar retailer with acquisition funding, and ongoing working capital, as the company’s new owners look forward to a post-pandemic marketplace.

Likewise, when our team was presented with the challenge of how best to help a retail prospect meet newfound demands for paint supplies coming from a surge of home improvement do-it-yourselfers, our team rose to the challenge and delivered a $35MM working capital facility to help meet that customer’s needs.

In addition to providing traditional brick and mortar retailers with liquidity and certainty, Encina Business Credit continued to demonstrate leadership in the eCommerce space closing several additional transactions.  

Many eCommerce companies experienced rapid growth last year as consumers accelerated their shift to online retail. While eCommerce companies reach their customers differently than traditional channels, their need for certainty and reliability is the same – two things Encina Business Credit is able to deliver, based on our team’s retail domain expertise and experience.

While many expect continued headwinds and uncertainty in the months ahead, one thing that can be relied upon, regardless of market conditions, the Encina Business Credit team is committed to providing our client prospects with responsive and flexible financing solutions to help their businesses respond to whatever conditions the market brings. 

If you know a retail company looking for a financing partner with a solutions-driven approach and liquidity outcome focus, please contact Rob McMahon at 203-916-6897 or RMcMahon@encinaBC.com discuss how we might help.