Daily News: November 20, 2013

Siena Lending Group Provides Facility for Harper Industries

Siena Lending Group announced the completion of a three-year $7.5 million senior secured credit facility for Harper Industries on November 8, 2013. The facility consists of a $6 million working capital revolver and a $1.5 million equipment term loan.

David Grende, president and CEO, of Siena Lending Group, said, “This transaction underscores our expertise and innovation with structuring deals to support the unique capital needs of our customers. We are thrilled with the opportunity to partner with this strong management team and support their growing business.”

Billy Harper, president and CEO of Harper Industries, said, “Working with the Siena Lending Group team was a pleasure because of their attention to detail, expeditious process and their professionalism.”

David Belt, VP and CFO of Harper Industries, said, “The entire Siena team worked diligently and long hours to understand our needs and create a facility to meet our needs.”

Harper Industries is a holding company with construction-related subsidiaries working in the Southeast U.S.