Encina Provides a $15MM Loan to a Metal Engineering Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL –March 14, 2019–Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured revolving credit facility to a metal engineering and fabricating company. The credit facility consists of a revolving line of credit based on accounts receivable and inventory. Launched in March 2016, EBC is an independent asset-based …

Encina Hires Bond Harberts as Head of Underwriting

admin Press

Chicago, IL –March 6, 2019–Encina Business Credit, LLC (EBC)announced today that Bond Harbertshas been appointed Senior Managing Director & Head of Underwriting with responsibility for leading the firm’s underwriting function. Based out of EBC’s headquarters in Chicago, he will report to Marty Battaglia (CEO) and work closely with Tom Sullivan (Chief Risk Officer), who is …

Encina Provides $25MM Loan to Electronic Device Repair Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – February 21, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which are being used to …

Encina Provides $35MM Loan to an I.T. Services Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – February 20, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured credit facility to an information technology services company. The financing, which is comprised of a revolving line of credit, was used to fund an acquisition, repay existing senior debt and provide working …

Encina Provides $30MM Loan to Transportation Services Company

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – January 9, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to a transportation services company. The financing, which is comprised of a revolving line of credit, will be used to repay existing senior debt and provide working capital for growth. …

Encina Provides $60MM Facility to a Waste Management Firm

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – December 20, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a $60 million senior secured credit facility to a provider of waste management solutions. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which are being used to refinance the company’s existing …

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 …