Siena Lending Group Adds Duane Morrison to Lead Canadian Expansion

Siena Lending Group LLC ("Siena"), through its newly formed subsidiary, Siena Lending Group Canada, LLC, is pleased to announce the addition of Duane Morrison, who will be responsible for leading the company’s expansion into Canada. Based in Toronto, Morrison will maintain Siena’s core business of providing creative asset-based lending (ABL) solutions from CAD 7.5 million to CAD 50 million that will deliver maximum flexibility and liquidity for middle-market companies.

Morrison brings over 25 years of middle-market and ABL experience in Canada to his new role as Director, New Business Originations. Prior to joining the Siena team, he was Vice President, Deal Originations for Cortland Credit Group. Morrison has also held various leadership roles at FrontWell Capital, Roynat Capital and Business Development Bank of Canada.

Morrison holds two graduate degrees including a Master of Applied Environmental Studies in Economic Development from the University of Waterloo and a Master of Business Administration from Wilfrid Laurier University.

Commenting on his new role, Morrison said: “I’m excited at the opportunity to lead Siena’s Canadian expansion. Siena is known throughout the industry as a premier provider of asset-based lending solutions, and I look forward to bringing the team’s expertise and ingenuity to middle-market companies in Canada.”

“We are very excited for Duane to be joining the Siena team,” said Scott Elliotto, Senior Managing Director of New Business Originations. “His experience and dedication to serving the Canadian middle market is exactly what we are looking for as we embark on this new endeavor.”

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 Franklin BSP Lending Corporation, 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 wwww.sienalending.com or www.sienahealthcarefinance.com or contact a Siena team member.