Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25mm revolving line of credit and a $3.5mm machinery & equipment term loan that are secured by accounts receivable, inventory, and machinery and equipment. The proceeds will be used to fund the acquisition and support working capital.

The SFNet’s Women in Secured Finance (WISF) Conference was held virtually on July 16 and 23, 2021. The WISF Committee focuses on promoting the advancement of women in the secured finance industry. The Conference served as a continued catalyst for that very commitment with a reimagined platform that delivered a unique experience masterfully emphasizing the empowered mindset.  The Conference was held over a 6-hour interactive and custom format that presented a focus on executive presence, career development and leadership skills. The Conference was a kaleidoscope of topics for purpose, presence and power all under the umbrella of taking steps into your own power. The real impact of the Conference was that of future forward thinking, goal setting and real gaining of traction for opportunities for women.