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
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 Adds Dan Williams to the Team as Managing Director
Chicago, IL – April 22, 2019 – Encina Business Credit, LLC (EBC) announced today that Dan Williams has joined the company as a Managing Director. He and Sean Sheehan will co-lead origination efforts throughout the northeast, focusing on New York and Boston, and they will report to Rob McMahon, Encina’s Chief Commercial Officer. Mr. Williams …
Encina Provides a $15MM Loan to an Oil Field Services Company
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 …
Encina Adds Jim B. Allin to its Business Development Team
Chicago, IL – March 27, 2019 – Encina Business Credit, LLC (EBC) announced today that Jim B. Allin has joined the company as Managing Director to lead origination efforts in Texas and Louisiana. Mr. Allin has more than 35 years of experience in asset-based lending and international commercial banking. He previously served as the head …
Encina Provides a $15MM Loan to a Metal Engineering Company
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
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 $42MM Loan to Consumer Products Company
Chicago, IL –March 5, 2019–Encina Business Credit, LLC (EBC)announced today that it has provided a $42million senior secured credit facility to a consumer products company. The credit facility consists of a revolving line of credit and two term loans, the proceeds of which are being used to refinance existing debt and fund working capital for …
Encina Provides $25MM Loan to Electronic Device Repair Company
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
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 …