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Encina Business Credit Closes $15.3MM Credit Facility for Thermoplastic Parts Maker

October 08, 2019, 08:00 AM
Filed Under: Plastics

Encina Business Credit, LLC (EBC) announced that it has provided a $15.3 million senior secured credit facility to a manufacturer of thermoplastic molds & modeled parts. The company provides customers in various industries with mold design, engineering, tooling, molding, assembly, and finished product. The facility consists of a revolving line of credit based on accounts receivable and inventory, and term loans based on M&E and real estate. Loan proceeds will be used to refinance an existing facility and to provide ongoing working capital financing.

Launched in 2016, EBC is one of the country’s top independent asset-based lending platforms that provides financing to middle-market borrowers in the U.S. and Canada. 

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