Encina Business Credit has provided a $10 million senior secured credit facility to a provider of oilfield equipment and services.

The facility consists of a revolving line of credit based on accounts receivable. Loan proceeds will be used to replace an existing revolver and to provide working capital and growth financing.

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