Encina Business Credit provided a $25 million senior secured credit facility to a value-added master steel distributor and processor. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory plus a senior secured term loan.
Launched in 2016, Encina Business Credit is an independent asset-based lending platform 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 million to 100 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate.
