Encina Adds Chris Clifford as its Chief Operations Officer

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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 …

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

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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 …