Siena Announces $135M in New Facilities During Q4 2020

Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer our clients maximum flexibility and liquidity. We are proud to provide this overview of the financing solutions that Siena delivered in Q4 2020. Siena Lending Group and Siena Healthcare Finance both had busy quarters, closing a combined 10 deals totaling $135 million in facilities. For the year, we completed 25 transactions totaling more than $285 million.

Siena Lending Group completed six deals totaling $114 million in the auto, footwear, oil & gas, printing and railroad industries. in Q4 2020.

 “In a remarkable year on many levels, I am proud of what our team accomplished. Siena Lending Group and Siena Healthcare Finance closed more than two dozen deals for clients across the U.S., in sectors from auto and transportation to consumer products, oil and gas, and printing. We partnered with various sponsors and even completed two acquisition financing deals. Most importantly, we were honored to end 2020 by donating to local food banks on behalf of our clients and employees, providing 165,000 meals to those in need.”

– Dave Grende, president & CEO, Siena Lending Group

Siena Healthcare Finance completed four deals totaling $21 million in physician staffing and skilled nursing facilities.

“2020 was a challenging year filled with uncertainty, and both professional and personal challenges. Despite the pandemic, Siena Healthcare Finance continued to successfully execute on our vision to be a trusted capital provider and resource to our clients throughout the year. As we now focus on a brighter 2021, we will expand our client base, applying those same principles of trust and partnership. We look forward to serving you.”

– Jennifer Sheasgreen, president, Siena Healthcare Finance