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


Eclipse Business Capital Provides $100MM Revolver to Global Distributor

August 13, 2021, 08:04 AM
Filed Under: Distribution

Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distribution company.

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

EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower confidence that its business needs would be met. Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – 125 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate. Since it was established, EBC has underwritten more than 70 transactions totaling over $1.7 billion in aggregate credit facilities. EBC has an experienced team of 47 professionals, located in Chicago, Boston, New York, Los Angeles, San Francisco, Houston, Charlotte and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada

Comments From Our Members

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