Encina Lender Finance (“ELF”) and Georgia Banking Company (GBC) provided a $40 million senior credit facility to Microf LLC (“Microf”), a leading provider of rent-to-own and lease-purchase solutions for residential HVAC systems. The credit facility was used to refinance existing credit facilities and to expand debt capacity to fund Microf’s continued growth.

Headquartered in Roswell, Georgia and founded in 2010, Microf is a national market leader in providing rent-to-own or lease-purchase solutions for residential HVAC systems to merchants and their consumers through retail, wholesale and direct-to-consumer channels. The company also offers HVAC merchants value-added technology platform services to maximize incremental sales through a streamlined financing and leasing application.

“We chose to work with ELF and GBC because of the teams’ expertise with Lease to Own and familiarity with our assets, business and operations,” said Zenon Olbrys, Chief Executive Officer of Microf. “This relationship lines us up with partners who support our growth and product expansion plans. It provides us the ability to innovate on product development and enter new business verticals. Further, the fact that ELF and GBC are local Atlanta-based companies allows us to meet and discuss issues when needed, which is certainly a unique luxury in today’s times.”

“Encina Lender Finance is pleased that the Microf team has trusted us and GBC to help them expand their already successful platform,” stated Luke Graham, Chief Executive Officer of ELF. “Microf has developed a terrific product suite that adds significant value to merchants and their consumers, and we look forward to working with Zenon and his team to continue scaling their business.”