Siena Lending Group LLC Surpasses $1.0 Billion In Closed Credit Facilities

Siena Lending Group LLC (“Siena”) announces it has surpassed $1.0 billion in closed credit facilities with the completion of a $25.0 million asset-based revolving credit facility for an integrated packaging company headquartered in California.

Dave Grende, President and CEO of Siena Lending, said, “The $1.0 billion in closed facilities milestone has great significance to Siena as, at its’ core, it reflects what we’ve built our brand around.”   

“Trust is a big factor,” Mr. Grende continued. “This newest milestone could not have been achieved without the trust of our referral sources who know we will deliver competitive financing solutions in a timely manner and the confidence of our clients who know we will help them work through challenges and achieve their long-term goals.  To our referral partners and our clients, thank you for allowing us the opportunity to serve you. And to our team, thank you for all your hard work and dedication. This truly could not have been accomplished without each and every one of you.”

About Siena Lending:

Siena Lending Group is a leading asset-based lender which serves middle-market companies looking for an alternative to traditional bank financing. Siena offers asset-based loans from $3 million to $35 million and consistently finds creative ways to provide borrowers with maximum flexibility and liquidity. With deep lending experience and expertise in complex situations, clients can feel confident knowing Siena brings the patience and perspective to help them work through any challenges and achieve their long-term visions. Siena provides financing solutions to companies across a broad spectrum of industries. Siena Healthcare Finance, a specialized division of Siena, is dedicated solely to serving companies within the healthcare sector. Siena is a portfolio company of Business Development Corporation of America ("BDCA"), an affiliate of Benefit Street Partners L.L.C. For more information, visit www.sienalending.com or www.sienahealthcarefinance.com or contact a Siena team member. 

About BDCA:

BDCA is a non-traded business development company with a $2.7 billion investment portfolio, which primarily consists of loans to middle market companies, as of September 30, 2019. BDCA operates under the Investment Company Act of 1940. BDCA is managed by its investment adviser, BDCA Adviser, LLC, an affiliate of Benefit Street Partners L.L.C. For further information, please visit www.bdcofamerica.com.