Encina Business Credit and Encina Equipment Finance provided a $35 million senior secured credit facility to a medium- and long-haul trucking company.

The financing included a revolving line of credit, a term loan and a delayed-draw capital expenditure line. It will be used primarily to refinance existing debt and to provide additional capital for growth.

Launched in March 2016, Encina Business Credit is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $5 million to $100 million and secured by accounts receivable, inventory, machinery & equipment and real estate.