Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively.

Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for building out and scaling EBC’s underwriting, documentation and portfolio management functions. Sullivan is a 30-year industry veteran who has served in senior underwriting and risk management roles within the asset-based lending groups at GE Capital (where he spent the previous 17 years), Bank of America, Fleet Capital and CIT.

Based in the company’s new Stamford (CT) office, Sheehan will lead EBC’s origination efforts in the Northeast Region. Sheehan has 20+ years of relevant experience in commercial finance. Most recently, he served as a Managing Director for GE Capital, Global Financial Solutions, which provided multinational companies with working capital, acquisition financing and growth capital in the form of asset-based loans, cash flow loans, factoring and equipment financing.

In connection with these personnel moves, Marty Battaglia, EBC’s CEO, said, “We’re thrilled to have added executives of this caliber to our senior management team. Both Tom and Sean have exemplary track records and will contribute significantly to helping differentiate EBC through a consultative and solution-oriented approach to working with our customers.”

Launched in March 2016, Encina Business Credit, LLC (EBC) is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada that cannot obtain required financing from traditional banks. The firm provides revolving lines of credit and term loans ranging in size from $5 million to $50 million and secured by accounts receivable, inventory, machinery & equipment and real estate. The platform lends to both privately-owned (sponsor and non-sponsor) and publicly-traded companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products.

With backing from Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management, L.P., EBC has the financial wherewithal to build a large, diversified portfolio while differentiating itself through a consultative and solution-oriented approach to working with customers to help them achieve their objectives.