Eclipse Business Capital provided a $200 million senior secured revolving credit facility to a leading provider of products to the Petrochemical Industry.

The credit facility is secured by accounts receivable and inventory that will be used to support ongoing working capital needs. EBC’s demonstrated track record of working with companies at various points of their business cycle, coupled with its flexible approach, provided the borrower confidence that its business needs would be met.

Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – $200 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate. Since it was established, EBC has underwritten more than 85 transactions totaling over $3.3 billion in aggregate credit facilities. EBC has an experienced team of 45 professionals, located in Chicago, Boston, New York, Connecticut, Los Angeles, San Francisco, Dallas, Houston, Charlotte and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada.