Eclipse Business Capital Provides $20 Million ABL Credit Facility to a Fiber Optic Components Manufacturer
Chicago, IL – October 15th, 2024 – Eclipse Business Capital LLC (“EBC”) announced that it has provided a $20 million ABL credit facility to a fiber optic components manufacturer.
The credit facility is secured by accounts receivable and inventory. The transaction will provide growth working capital as the Company continues to expand and establish itself as a trusted partner in its industry.
EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with 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 – $250 million that are secured by collateral such as accounts receivable, inventory, machinery & equipment, real estate, and intellectual property.
Since it was established, EBC has underwritten more than 101 transactions totaling over $4.6 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, Dallas, New York, Connecticut, Los Angeles, Houston, and Charlotte and provides financing to middle-market borrowers in the U.S. and Canada.