Encina Lender Finance Provides $25,000,000 Senior Credit Facility for Sparrow Financial

ATLANTA, GA – September 25, 2023 – Encina Lender Finance, LLC (ELF) announced today the closing of an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide.

Bill Laird, Head of Risk for ELF’s consumer vertical, said, “Encina Lender Finance is proud to sponsor such a strong and impressive management team. The team’s expertise in developing and designing the Sparrow product will provide underserved consumers with a path towards a better financial future.”  

Lisa Sturm, Co-Founder of Sparrow Financial, added, “We quickly knew that Encina was the right lender for us. The ELF team has a relationship focused mindset supplemented by deep expertise in consumer lending. Their understanding of the industry and flexibility in working with our model allowed for a seamless transaction.”  

About Encina Lender Finance

Headquartered in Atlanta, Encina Lender Finance offers revolving lines of credit and term loans ranging in size from $10 – $50MM to emerging and established specialty finance companies across consumer and commercial asset classes. Targeted consumer asset classes include credit cards, installment loans, consumer vehicle financing, merchant originated installment loans and skills training programs. Targeted commercial asset classes include asset-based lending, factoring, equipment leasing and insurance finance.

Visit the website at https://lenderfinance.encinacapital.com