Encina Business Credit provided a $15 million senior secured credit facility to a coal mining company.

The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will be used to support working capital and maintenance CAPEX.

Launched in 2016, EBC is an independent asset-based lending platform that provides financing to middle-market borrowers in the U.S. and Canada.

Encina lends to both privately-owned and publicly traded companies across a range of industries including manufacturing, retail, automotive, oil and gas, services, distribution and consumer products.