- Crisis Prevention Institute Successfully Secures $435 Million in Debt Financing
- First Citizens Bank Provides $58.4 Million for Construction of Medical Inpatient Rehabilitation Facility in Miami, Florida
- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
- White Oak Commercial Finance Delivers $7 Million Accounts Receivable Facility to Technology-Focused Staffing Company
Encina Business Credit Provides $15 Million Facility to a Coal Mining Company
November 12, 2019
Source: Encina Business Credit, LLC (EBC)
Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by trade accounts receivable and inventory.
Launched in 2016, EBC is one of the country’s top independent asset-based lending platforms that provides financing to middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10-100 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate. Encina lends to both privately-owned and publicly traded companies across a range of industries including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products.
Visit our website at www.encinabc.com.
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