Encina Business Credit provided a $12.5 million senior secured credit facility to a provider of digital and telephonic marketing services.
The facility consists of a senior secured revolving line of credit based on accounts receivable. The borrower will use the loan proceeds to pay down a portion of an existing term loan and to support ongoing working capital.
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.
