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.