FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Encina Business Credit Provides $25MM ABL Revolver to Government Services Company

June 26, 2017, 07:36 AM
Filed Under: Industry News

Encina Business Credit announced that it has provided a $25 million asset-based revolving credit facility to a government services company that is based in the Mid-Atlantic region of the U.S. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which will be used primarily to provide working capital for growth.

Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada that cannot obtain required financing from traditional banks. The firm provides revolving lines of credit and term loans ranging in size from $5–50 million and secured by accounts receivable, inventory, machinery & equipment and real estate. 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.