Encina Provides $25MM Revolving Credit Facility to E-Commerce Retailer

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that is has provided a $25 million senior revolving credit facility to an e-commerce retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital financing.  In addition, the facility offers a $10 million accordion feature that allows …

Encina Provides $30MM Revolving Credit Facility to E-Commerce Retailer

Austin Capasso Press, Revolving Credit Line

Encina Business Credit, LLC announced today that it has provided a $30 million senior secured revolving credit facility to an e-commerce retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable, credit card receivables, and inventory, was used by the company’s private equity investor to finance its acquisition and ongoing working …