Encina Lender Finance (ELF) closed an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide.
Bill Laird, Head of Risk for ELF’s consumer vertical, said, “Encina Lender Finance is proud to sponsor such a strong and impressive management team. The team’s expertise in developing and designing the Sparrow product will provide underserved consumers with a path towards a better financial future.”
Lisa Sturm, Co-Founder of Sparrow Financial, added, “We quickly knew that Encina was the right lender for us. The ELF team has a relationship focused mindset supplemented by deep expertise in consumer lending. Their understanding of the industry and flexibility in working with our model allowed for a seamless transaction.”
