Encina Equipment Finance announced it has provided a $10 million equipment lease line to a utility infrastructure services company. The lease line is being used to fund new equipment purchases.

Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $50 million and secured by essential-use machinery and equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types, industries (including, but not limited to, construction, distribution, energy, food processing, healthcare, information technology, manufacturing, mining, paper & packaging, and transportation) and use cases (including loans against existing or newly-acquired assets, leases of newly acquired assets and sale-leasebacks of existing assets).