Encina Equipment Finance provided a $10 million equipment lease line to an automotive component supplier. The facility is being used to refinance certain existing equipment leases and 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 range of collateral types, industries and use cases.
The lease product meshes well with commercial banks as it can provide financing for assets existing customers use in their business and point of sale financing for products these customers sell. To finance the equipment customers use in their business,... read more
Monitor 100 2018
It used to be so easy. Lessors would attach schedules of casualty values and early termination values to an equipment lease agreement. These values typically were expressed as a percentage of the lessor’s cost of the items of equipment suffering... read more