Encina Equipment Finance (EEF) announced it has provided a $10 million equipment lease line to a hospital system. The lease line is being used to fund both newly acquired and in-place equipment.

EEF was represented by Reed Smith LLP.

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 & 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, healthcare, 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).