Encina Business Credit, LLC (EBC) announced that it has provided a $57.5 million senior secured revolving credit facility to a manufacturer and supplier of concrete construction products. The credit facility consists of a revolving line of credit based on accounts receivable, inventory, and a rental fleet. The loan will be used to refinance an existing facility of the company.

Launched in March 2016, EBC 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 $10–$100 million and secured by accounts receivable, inventory, machinery & equipment and real estate.