- Fifth Third Bank Provides New $100 Million Senior Credit Facility for E-Commerce Retailer
- SFNet Midwest 2020 Blackhawks Outing
- MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
- Ares Commercial Finance has Provided a $45 Million Senior Secured Revolving Line of Credit to Southern States Cooperative, Inc.
- SFNet Midwest Dine-Around at South Branch
Encina Business Credit Provides $35 Million Revolving Credit Facility to Retailer
January 20, 2021
Source: Encina Business Credit, LLC
Encina Business Credit, LLC announced today that it has provided a $35 million senior secured revolving credit facility to a retailer.
The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility.
Encina’s demonstrated track record in the retail industry, provided the borrower confidence that its business needs would be met.
Launched in 2016, EBC is one of the country’s leading 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 – 125 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.
In This Section