Encina Provides $35MM Credit Facility to Paint Supply Distributor

Encina Business Credit provided a $35 million senior secured credit facility to a retailer and distributor of paint and paint supplies. The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory.

Launched in 2016, Encina Business Credit is an independent asset-based lending platform that provides financing to middle-market borrowers in the U.S. and Canada.