- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
- Aequum Capital Provides $9.1MM in Credit Facilities to a Leading Metal Stamping Company
- Churchill Serves as Sole Lead Arranger for a First Lien Credit Facility to Support Wynnchurch Capital’s Acquisition of Handgards
- BHI Commercial and Industrial Group Announces $45 Million In New Financing Transactions
- Main Street Announces New $240 Million Secured Credit Facility
Encina Business Credit Provides $35 Million Facility to a Leading Supplier and Distributor of Paint Supplies
June 23, 2020
Source: Encina Business Credit, LLC (EBC)
Encina Business Credit, LLC (EBC) announced today that it has provided a $35 million senior secured credit facility to a leading retailer and distributor of paint and paint supplies. The facility consists of a senior secured revolving line of credit based on 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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