Encina Lender Finance (ELF) has increased its credit facility commitment to a non-prime credit card platform to $125 million. As part of the transaction, ELF secured a like-minded partner and asset-based finance co-investor to participate in the expanded credit facility.
This strategic move aligns with ELF’s commitment to supporting specialty finance companies with flexible capital solutions. The expanded credit facility will provide additional liquidity to fuel growth and strengthen the platform’s ability to serve non-prime consumers.