Encina Equipment Finance announced that it has provided a $10 million equipment lease line to a private equity-backed industrial services company.

The facility is being used to finance certain existing unencumbered assets and to provide for new equipment purchases over the course of 2018.

Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 - $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, andtransportation) and use cases (including loans against existing or newly-acquired assets, leases of newlyacquired assets and sale-leasebacks of existing assets).