Eclipse Business Capital Provides $10 Million Revolving Credit Facility
Chicago, IL – September 7, 2022 – Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $10 million senior secured revolving credit facility in the automotive marketing industry.
The credit facility is secured by accounts receivable and will be used to refinance an existing facility and to support ongoing working capital. The transaction was closed in a two-week timeframe and EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with a timely solution.
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 – 200 million that are secured by collateral such as accounts receivable, inventory, equipment, or real estate.
Since it was established, EBC has underwritten more than 83 transactions totaling over $2.91 billion in aggregate credit facilities. EBC has an experienced team of 40 professionals, located in Chicago, Boston, New York, Connecticut, Los Angeles, San Francisco, Houston, Dallas, Charlotte, and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada.