Encina Lender Finance Provides $20 Million Senior Credit Facility to Indirect Auto Finance Platform
May 8, 2024
Source: Encina Lender Finance, LLC
ATLANTA, GA – May 9, 2024 – Encina Lender Finance, LLC announced today that it has closed a $20 million senior credit facility for an indirect auto finance platform with a network of dealers spanning across 30+ states.
The borrower will use this facility to support its continued expansion.
About Encina Lender Finance
Headquartered in Atlanta, Encina Lender Finance offers revolving lines of credit and term loans ranging in size from $20MM – $100MM to emerging and established specialty finance companies across consumer and commercial asset classes. Targeted consumer asset classes include secured vehicle finance, unsecured installment and revolving loans (direct-to-consumer or POS), and debt consolidation loans. Targeted commercial asset classes include asset-based lending, factoring, equipment finance, floorplan finance, private credit, CRE bridge lending, and SMB lending.
Visit our website at https://lenderfinance.encinacapital.com