Welcome
Encina Lender Finance provides $50mm – $150mm unitranche and first-out / NAV credit facilities to emerging and established specialty finance companies that originate granular pools of short-to-intermediate duration consumer and SMB collateral.
What we do
- Unitranche and first-out / NAV credit facilities (primarily revolving and delayed draw term loan structures) to asset originators based in the US and Canada.
- Focus on granular collateral pools that are conducive to rigorous, data‑driven analysis.
- Integrated analytics stack for collateral analysis, structuring and post‑close surveillance – build for speed and efficiency.
Who we serve
- Consumer originators — unsecured installment and revolving loans (direct-to-consumer and point-of-sale), secured vehicle finance, home improvement loans, rent-to-own/lease-to-own, debt settlement, and student lending (in-school vocational, refi).
- Commercial originators — small balance SMB lending (both direct-to-business and embedded point-of-sale), merchant cash advance, small-ticket equipment finance, corporate charge card, earned wage access, and supply chain / trade finance.
- Asset-Backed Finance (ABF) funds – partner with ABF funds to deliver joint unitranche solutions to borrowers (for single deals and cross-collateralized portfolios).
Target deal parameters
- Typical facility size – $50mm – $150mm.
- Tenor – generally ≤ 4 years.
- Collateral profile – granular, short‑to-medium duration assets with eligibility that prioritizes current/≤30 DPD balances.
- Structural guardrails – eligibility criteria, concentration limits, financial & collateral covenants.
Use cases for first-out credit facilities in partnership with ABF funds
- New potential investment opportunities – increase ability to win deal, size constraints, and enhance yield on last-out position.
- Existing portfolio company investments – defend incumbent positions against refinancings, enhance yield on last-out position, and free up funds to redeploy or return to LPs.
- Cross-collateralized facilities – yield enhancement, ability to do larger deals, and free up funds to redeploy or return to LPs.
What we do
- Unitranche and first-out credit facilities (primarily revolving and delayed draw term loan structures) to asset originators based in the US and Canada.
- Focus on granular collateral pools that are conducive to rigorous, data‑driven analysis.
- Integrated analytics stack for collateral analysis, structuring and post‑close surveillance – build for speed and efficiency.
Who we serve
- Consumer originators — unsecured installment and revolving loans (direct-to-consumer and point-of-sale), secured vehicle finance, home improvement loans, rent-to-own/lease-to-own, debt settlement, and student lending (in-school vocational, refi).
- Commercial originators — small balance SMB lending (both direct-to-business and embedded point-of-sale), merchant cash advance, small-ticket equipment finance, corporate charge card, earned wage access, and supply chain / trade finance.
- Asset-Backed Finance (ABF) funds – partner with ABF funds to deliver joint unitranche solutions to borrowers (for single deals and cross-collateralized portfolios).
Target deal parameters
- Typical facility size – $50 – 150mm.
- Tenor – generally ≤ 4 years.
- Collateral profile – granular, short‑to-medium duration assets with eligibility that prioritizes current/≤30 DPD balances.
- Structural guardrails – eligibility criteria, concentration limits, financial & collateral covenants.
Use cases for first-out credit facilities in partnership with ABF funds
- New potential investment opportunities – increase ability to win deal, size constraints, and enhance yield on last-out position.
- Existing portfolio company investments – defend incumbent positions against refinancings, enhance yield on last-out position, and free up funds to redeploy or return to LPs.
- Cross-collateralized facilities – yield enhancement, ability to do larger deals, and free up funds to redeploy or return to LPs.