Siena Lending Group Provides Over $58 Million For A New Credit Facility To Biodiesel Producer

Siena Lending Group LLC ("Siena"), a leading asset-based lender, today announced the completion of a three-year asset-based revolving credit facility for a family‐owned and operated Biodiesel Producer. The facility consists of a $50 million revolver and an $8.2 million term loan. 

Domestically manufactured from vegetable oils, animal fats, or recycled grease, biodiesel is a renewable energy alternative that produces over 70% less CO2 than diesel, helping to reduce air pollution while supporting local communities. Siena’s financing solution for the Biodiesel Producer supported the continued production and distribution of biodiesel in existing markets and expansion into new markets.

“It’s an honor to support a company that is doing their part to help reduce our country’s carbon footprint with a sustainable alternative to petroleum diesel,” said Nick Payne, Director of Siena Lending Group. “Siena is proud to support a wide range of energy producers with our creative financing solutions.”

About Siena Lending Group:

Siena Lending Group is a leading asset-based lender providing financing solutions up to $100 million to clients across sectors, ranging from small, privately held middle-market companies to publicly traded industry leaders. In addition to working directly with corporate clients, Siena has earned a reputation as a trusted financing partner to private equity firms and other financial sponsors. Since 2012, Siena has consistently found creative ways to provide borrowers with maximum flexibility and liquidity. With deep lending experience and expertise in complex situations, clients know Siena brings the patience and perspective to help them work through challenges and achieve their long-term visions. Siena Healthcare Finance, a specialized division of Siena, is dedicated exclusively to servicing companies within the healthcare sector. Siena is a portfolio company of Business Development Corporation of America, an affiliate of Benefit Street Partners L.L.C. ("BSP"). BSP, a leading credit-focused alternative asset management firm, is a wholly-owned subsidiary of Franklin Resources, Inc. For more information, visit www.sienalending.com or www.sienahealthcarefinance.com or contact a Siena team member.