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Encina Business Credit Provides $25MM Revolving Credit Facility to e-Commerce Retailer

February 23, 2021, 07:42 AM
Filed Under: e-Commerce

Encina Business Credit provided a $25 million senior revolving credit facility to an e-commerce retailer.
The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital financing.  In addition, the facility offers a $10 million accordion feature that allows for future growth.

Encina’s demonstrated track record in the e-commerce industry, coupled with its flexible approach, provided the borrower’s management team and ownership the confidence that its business needs would be met.  

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