Atlanta, GA – Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $50 million senior credit facility with an accordion feature for an incremental $50 million in potential capacity to Crossroads Financial LLC (“Crossroads”), the industry-leading provider of inventory-only revolving credit facilities in the below $10 million size range to companies nationwide and the preferred partner to factoring companies and accounts receivable lenders. ELF’s credit facility closed simultaneously with a mezzanine debt facility from a different lender.
Atlanta, GA – Encina Lender Finance, LLC (“ELF”) announced today that it has provided an inaugural senior credit facility to Urban Us Capital, LLC (“Urban Us Capital”), a leading venture capital platform providing both structured equity and debt investments engaged in origination and servicing of asset-backed capital to early-stage companies and startups focused on upgrading cities for climate change (climate tech and urbantech).
NEW YORK – Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its wholly-owned subsidiary, Saratoga Investment Funding II LLC (“SIF II”), an entity formed for purposes of entering into this financing arrangement, closed a new $50.0 million senior secured credit facility (the “Facility”) with Encina Lender Finance, LLC (“Encina”). The Facility will be supported by loans held by SIF II and pledged to Encina under the terms of the credit agreement.