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Encina Business Credit Provides $35MM Revolving Credit Facility to Retailer

January 21, 2021, 07:39 AM
Filed Under: Retail

Encina Business Credit provided a $35 million senior secured revolving credit facility to a retailer.

The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility.

Encina’s demonstrated track record in the retail industry, provided the borrower confidence that its business needs would be met.

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