Eclipse Business Capital LLC (“EBC”) announced the successful upsizing of its primary asset-based lending (ABL) facility to $2.355 billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for continued growth.

“This expanded facility underscores the confidence our banking partners have in EBC’s consistent performance and disciplined approach to growth,” said Marty Battaglia, CEO of EBC. “It provides additional capacity to meet increasing client demand and reinforces our ability to deliver certainty and partnership in a dynamic market.”

“We are pleased to expand our long relationship with Eclipse Business Capital and support the platform’s continued growth.” said David Koshenina, Head of Lender Finance at Wells Fargo Capital Finance.

Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately-owned and publicly traded companies across a wide range of industries. The firm provides senior secured credit facilities ranging in size from $10 – $450 million that are secured by collateral such as accounts receivable, inventory, machinery & equipment, real estate, and intellectual property.