Press

Chicago, IL – June 23, 2022 – Eclipse Business Capital, LLC is pleased to announce that Adrian B. Watson has joined the organization as a Managing Director. Mr. Watson joins EBC from JP Morgan where he was a Sr. Underwriter in ABL. At Eclipse, Mr. Watson steps into the role of Business Development Officer and…

Chicago, IL – June 8, 2022 – Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $200 million senior secured debtor-in-possession revolving credit facility to a chemical manufacturer. The credit facility is secured by accounts receivable and inventory and will be used to restructure and refinance a prepetition facility and to support…

Chicago, IL – May 16, 2022 – Eclipse Business Capital is pleased to announce the following new hires in 2022: Accounting/Finance Kenya Hall – Associate Operations JR Thompson – VP Underwriting Joey Ales – Associate Benjamin Stefani, CPA – AVP Thomas Stone – AVP Portfolio Management Robert Richardson – AVP Kevin Trout – VP

Chicago, IL – April 18, 2022 – Eclipse Business Capital (“EBC”) announces the completion of a revolving credit facility for a vertically integrated manufacturer of steel products.  The credit facility is used to refinance existing bank indebtedness and to provide ongoing working capital financing.  This new revolver from Eclipse will provide needed liquidity to allow…

Chicago, IL – March 17, 2022 – Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $15 million senior secured revolving credit facility to a commercial hospitality furniture manufacturer and designer. The credit facility is secured by accounts receivable and inventory and will be used to…

Chicago, IL – February 14, 2022 – Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced it has provided a senior secured, $130 million revolving credit facility to a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. The credit facility is secured by accounts receivable and inventory and…

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…

Chicago, IL – December 7, 2021 – 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…

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…

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…

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…

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…