Eclipse Increased Commitments by 23.3% in 2021 and expanded its capital base with Barings, LLC
Chicago, IL – February 2, 2022 – For fiscal year 2021, Eclipse Business Capital, LLC (“EBC”) is pleased to announce that it increased its portfolio by 14.8% in deal volume and 23.3% in commitment amounts. Deal sizes in 2021 ranged as low as $10 million and as large as $140 million, and borrowers spanned several industries that included manufacturing, steel processing, coal mining, e-tailers, retailers, pharmacies, and more.
On August 5, 2021, EBC, formerly known as Encina Business Credit, also announced a recapitalization and a significantly expanded capital base through Barings, LLC affiliated funds. This recapitalization provided liquidity necessary for EBC to expand its platform and footprint as a leading capital provider in North America.
Additionally, EBC was named to ABF Journal’s 2021 Most Innovative Companies in Specialty Finance which recognized us for our speed and efficiency in lending. Our goal is to surpass customer expectations every step of the way and we continue to build on that reliable delivery model.
Eclipse Business Capital, LLC is a non-regulated asset-based lending platform providing revolving lines of credit and term loans between $10 – $150 million to privately-held and publicly-traded borrowers in the United States and Canada.