Encina Upsizes Existing Revolver from $25 Million to $73.5 Million

admin Press, Revolving Credit Line, Term Loan

Chicago, IL – June 7, 2018 – Encina Business Credit, LLC (EBC) announced today that it has upsized an existing asset-based revolving credit facility to a government services company from $25 million to  $73.5 million.  The increase in commitment amount coincides with the company closing a significant acquisition, and the expanded facility will be used …

Encina Provides $25MM ABL Revolver to Government Services Company

admin Press, Revolving Credit Line

Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which will be used primarily to provide working capital for growth. Launched …