Encina Provides $45MM Facility to Supplier of Hydroponic Products

Olivia Coolbrith Press, Revolving Credit Line, Term Loan

Chicago, IL July 29, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $45 million senior secured credit facility to a supplier of indoor gardening and hydroponic products. The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds were used to refinance an …

Encina Adds Ken Pardue to its Business Development Team

Olivia Coolbrith Press

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 …

Encina Adds Daniel Debrauwere and Steven Janson to its Team

Olivia Coolbrith Press

Chicago, IL – June 3, 2019 – Encina Business Credit, LLC (EBC) announced today that Dan deBrauwere and Steve Janson have joined the company as Business Development Officers. Mr. deBrauwere, who will cover southern California from Los Angeles, is a well-respected leader in the financial services industry, with over 20 years’ experience in asset-based lending, …

Encina Adds Chris Clifford as its Chief Operations Officer

admin Press

Chicago, IL – April 30, 2019 – Encina Business Credit, LLC (EBC) announced today that Chris Clifford has joined the company as its Chief Operations Officer.  Mr. Clifford, who will work at EBC’s headquarters in Chicago, is a 30-year veteran of the asset-based finance industry having worked most recently at US Bank where he was …

Encina Provides a $35MM Loan to an Oil Field Services Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL –April 25, 2019–Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured revolving credit facility to an oil field services company. The credit facility is based on accounts receivable, inventory, and machinery & equipment. The company specializes in abrasion resistant liner technology and will use the loan …

Encina Provides a $15MM Loan to an Oil Field Services Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL –April 18, 2019–Encina Business Credit, LLC (EBC) announced today that it has provided a $57.5 million senior secured revolving credit facility to a manufacturer and supplier of concrete construction products. The credit facility consists of a revolving line of credit based on accounts receivable, inventory, and a rental fleet. The loan will be …