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 …
Encina Adds Matt Grimes & David Braff to its Team
Chicago, IL – January 16, 2019 – Encina Business Credit, LLC (EBC) announced today that it has made several key personnel moves aimed at accelerating the already significant growth that the company experienced in 2018. Industry veteran Matt Grimes has joined EBC as Senior Managing Director, West Region Leader with the objective of scaling the …
Encina Provides $17MM Loan to Manufacturer
Chicago, IL – January 10, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $17 million senior secured credit facility to a manufacturer of heavy-duty chassis for specialized vehicles. The financing, which is comprised of a revolving line of credit and two term loans, will be used to fund a …
Encina Provides $30MM Loan to Transportation Services Company
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
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
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 …
Encina Provides $18MM Facility to Plastic Molding Firm
Chicago, IL – October 25, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided an $18 million senior secured credit facility to a plastic injection molding company. The financing, which is comprised of a revolving line of credit and two term loans, will be used primarily to refinance the company’s existing …
Encina Provides $35MM Credit Facility to Trucking Company
Chicago, IL and Danbury, CT – October 18, 2018 – Encina Business Credit and Encina Equipment Finance jointly announced today that they have provided a $35 million senior secured credit facility to a medium- and long-haul trucking company. The financing, which is comprised of a revolving line of credit, a term loan and a delayed-draw capital …
Encina Provides Senior Secured Credit Facility to Steel Company
Chicago, IL – September 13, 2018 – Encina Business Credit, LLC (EBC) announced today that it has provided a senior secured credit facility to Associated Steel Group, LLC and its subsidiaries. The financing, which is comprised of a revolving line of credit and two term loans, will be used primarily to refinance the company’s existing senior …