Encina Business Credit, LLC announced Jim B. Allin has joined the company as Managing Director to lead origination efforts in Texas and Louisiana.

Allin has more than 35 years of experience in asset-based lending and international commercial banking. He previously served as the head of the Asset Based Lending and Commercial Factoring for TBK Bank and has held the position of business development/origination officer for a variety of banks and non-regulated institutions. Allin also has experience in managing credit portfolios and underwriting loans with Bank of America, GE Capital, and CIT.

Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in size from $10 million–$100 million and secured by accounts receivable, inventory, machinery & equipment and real estate. The platform lends to both privately-owned and publicly-traded companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas, services, distribution and consumer products. Borrowers use loan proceeds to fund working capital, acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings and other special situations. Positive cash flow is not a requirement.