Encina Equipment Finance, LLC (EEF) announced the addition of Ryan Elsass as Managing Director of Business Development for the Midwest.

Elsass will be based out of Chicago, IL, and report to EEF’s President and Chief Commercial Officer Rick Matte. He will be responsible for helping to scale EEF’s origination efforts. He joins the company from Monroe Credit Advisors, where he spent the past three years. Prior to Monroe, Elsass spent time at CapX Partners and Goldman Sachs in a variety of roles.

Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $50 million and secured by essential-use machinery and equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types, industries (including, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & packaging, and transportation) and use cases (including loans against existing or newly acquired assets, leases of newly acquired assets and sale-leasebacks of existing assets).