Stride Funding, in partnership with Encina Lender Finance and other credit funds, will aim to increase financial support for students pursuing high-impact boot camp and certificate programs across the United States through a $105 million senior credit facility.
Encina Lender Finance closed a $300 million credit facility (which includes an accordion feature) for Arena Investors’ corporate private credit business segment, which provides capital to privately-held companies.
Encina Lender Finance and Georgia Banking Company provided a $40 million senior credit facility to Microf, which used the credit facility to refinance existing credit facilities and to expand debt capacity to fund growth.
Encina Lender Finance provided a $50 million senior credit facility with an accordion feature for an incremental $50 million in potential capacity to Crossroads Financial, a provider of inventory-only revolving credit facilities focused on the below $10 million range.
Encina Lender Finance added Dan Avnir to its commercial team as managing director, Denise Richardson to its operations department as collateral analyst and Jessica Ernst and Jeff Karlsson to its risk team as portfolio manager and senior associate, respectively.
Encina Lender Finance provided an inaugural senior credit facility to Urban Us Capital, a venture capital platform providing both structured equity and debt investments to early-stage companies and startups focused on upgrading cities for climate change.
Saratoga Investment Funding II (SIF II), a wholly-owned subsidiary of Saratoga Investment, a business development company, closed a $50 million senior secured credit facility with Encina Lender Finance.
Encina Lender Finance provided a $35 million senior credit facility to Speed Leasing Company, a specialty finance company engaged in originating and servicing used motorcycle leases to consumers.
Encina Lender Finance provided a $35 million senior credit facility to Uown Leasing, a portfolio company of 777 Partners, to grow its portfolio and help it gain market share in the lease-to-own market.
Encina Lender Finance provided an inaugural senior credit facility to Doc2Doc Lending, a consumer lending platform focused on doctors. The facility will be used to further scale Doc2Doc’s origination of new loan volume.