Encina Equipment Finance provided a $14 million equipment lease line to a healthcare services company.
The facility is being used to fund the purchase of new equipment.
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 & 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 and 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).
Most loan documents contain a default interest provision, which states that the interest rate of the loan will increase in the event of a default. Default interest is enforceable, at least in the absence of an unconscionable rate. (1) California Civil... read more
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