Eclipse Business Capital
NotableLeading independent non-bank ABL lender, backed by Barings.
Asset-Based LendingFirmUnited States
Target market
Middle-market companies, including stressed and sponsor-backed
Typical check
$10M-$125M
Geography
United States
Overview
Eclipse Business Capital is a Chicago-based, non-bank asset-based lender to private and publicly traded companies, renamed from Encina Business Credit in a 2021 recapitalization backed by Barings-managed funds. It provides revolvers and term loans secured by receivables, inventory, equipment and real estate, including for buyouts and turnarounds.
Key facts
- Formerly Encina Business Credit; renamed Eclipse in 2021
- Capitalized by Barings-managed funds
- Upsized its senior credit facility to $2.355B (agented by Wells Fargo)