Encina Equipment Finance announced it has provided a $10 million equipment lease line to a private equity-backed heavy equipment rental company. The facility is being used to fund new equipment purchases.

Launched in June 2017, Encina Equipment Finance, with headquarters in Danbury, Conn., 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 and 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).