Encina Lender Finance, LLC (ELF) announced the closing of $360 million of funding commitments from nine banks.

Ed Chang, CEO of ELF, said, “We are grateful for the confidence and support of our trusted banking partners, whom my colleagues and I have known and partnered with for many years. Their commitments provide substantial incremental funding capacity as ELF continues to expand and service its customers.”

Headquartered in Atlanta, Encina Lender Finance offers revolving lines of credit and term loans ranging in size from $10 million to $50 million to emerging and established specialty finance companies (sponsor and non-sponsor backed) across a wide range of asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, insurance finance, private credit, consumer lending and specialty consumer equipment finance.