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Encina EF Provides $15MM Equipment Lease Line to E-Commerce Firm

July 20, 2020, 07:25 AM

Encina Equipment Finance (EEF) announced it has provided a $15million equipment lease line to an e-commerce company. The lease line is being used to finance in-place equipment.

EEF was represented by Reed Smith LLP.

Encina Equipment Finance launched in June 2017. It 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).

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