Encina Provides $5MM Revolver to Animal Nutrition Firm

admin Press, Revolving Credit Line

Encina Business Credit provided a $5 million asset-based revolving credit facility to a provider of animal nutritional supplements based in the Southwestern U.S. The credit facility consists of a working capital revolver secured primarily by accounts receivable and inventory, the proceeds of which will be used to refinance the borrower’s existing credit facility and to …

Allied Alloys Wins New Lender’s First Finance Deal

admin Press, Revolving Credit Line

NEW YORK — Allied Alloys LP has landed a $20-million revolving credit facility from Encina Business Credit LLC, representing the newly formed lender’s first financing deal. “Because of the type of (credit) structure we put together working with Encina, (which) just entered the market, we have access to more working capital,” Ron Cayon, chief financial …