Encina Provides $30MM Facility to Coal Producer

Olivia Coolbrith Revolving Credit Line

Chicago, IL December 3, 2019 – Encina Business Credit, LLC (EBC) announced today that it has provided a $30 million senior secured credit facility to a company that produces coal for blast-furnace steel production. The facility consists of a revolving line of credit based on accounts receivable and inventory. Loan proceeds will be used to …