Press

Eclipse Provides $45 Million Revolving Credit Facility

Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $45 million senior secured revolving credit facility to a coal mining company based in the U.S. and Canada. The credit facility is secured by accounts receivable and will be used to refinance an existing facility and to…
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Eclipse Provides $77.5MM Revolving Credit Facility to Ranger Energy Services, Inc.

Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $77.5 million senior secured credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility to a market leader in the oil and…
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Eclipse Adds Jim Gurgone as New Chief Risk Officer

Eclipse Business Capital (“EBC”) is pleased to announce that Jim Gurgone has joined the organization as Chief Risk Officer.  In this role, Gurgone will oversee EBC’s credit processes for its existing portfolio management verticals in addition to providing input into new opportunities and strategies.  Gurgone has over 28 years of lending experience including senior and…
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Eclipse Provides $100MM Revolving Credit Facility to a Global Distributor

Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit announced today it has provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distributing company. The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to refinance the borrowers existing facility and…
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Encina Business Credit Announces Recapitalization and Expanded Capital Base to be Renamed Eclipse Business Capital

Encina Business Credit, LLC (“Encina”), a leading non-bank asset-based lender for both privately owned and publicly traded companies, today announced a recapitalization and a significantly expanded capital base provided by Barings LLC affiliated funds along with participation by Encina management.  This recapitalization provides liquidity necessary for Encina to expand its platform and footprint as a…
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Eclipse Provides $80MM Revolving Credit Facility to a National Distributor

Eclipse Business Capital, LLC announced today that it has provided an $80 million senior secured revolving credit facility to a national distributor of media and consumer goods. The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility and provide ongoing working capital…
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Eclipse Adds Garett Figueroa to its Business Development Team

Eclipse Business Credit announced today that Garett Figueroa joined its business development team as a Managing Director. Mr. Figueroa is an asset-based lending finance professional with over 9 years of business development and credit risk experience at bank lenders and non-bank private debt funds. Garett holds a BS in Business Administration & Management from the…
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Eclipse Provides $38MM Revolving Credit Facility to Daytona Apparel Group

Eclipse Business Capital, LLC announced today that is has provided a $38 million senior secured revolving credit facility with a $10.5 million term loan from Tiger Finance to Daytona Apparel Group. Daytona Apparel Group is a designer, manufacturer, and distributor of apparel, including socks, underwear, loungewear and sleepwear. The revolving line of credit, which is…
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Eclipse Provides $10MM Revolving Credit Facility to Cycling Company

Eclipse Business Capital, LLC announced today that is has provided a $10 million senior secured revolving credit facility to a designer, marketer, and distributor of mid-priced and premium bicycles. The revolving line of credit, which is collateralized by accounts receivable and inventory, will provide financing of the company’s working capital and capex requirements. EBC’s demonstrated…
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