Encina Lender Finance closed an inaugural $25 million senior credit facility for Sparrow Financial, a fintech startup lending to consumers nationwide.
“Encina Lender Finance is proud to sponsor such a strong and impressive management team,” Bill Laird, head of risk for ELF’s consumer vertical, said. “The team’s expertise in developing and designing the Sparrow product will provide underserved consumers with a path towards a better financial future.”
“We quickly knew that Encina was the right lender for us,” Lisa Sturm, co-founder of Sparrow Financial, said. “The ELF team has a relationship focused mindset supplemented by deep expertise in consumer lending. Their understanding of the industry and flexibility in working with our model allowed for a seamless transaction.”
