Encina Provides $10MM Revolving Credit Facility to Cycling Company

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that is has provided a $10 million senior secured revolving credit facility to a designer, marketer, and distributor of mid-priced and premium bicycles. The revolving line of credit, which is collateralized by accounts receivable and inventory, will provide financing of the company’s working capital and capex requirements. Encina’s demonstrated …