Daily News: September 18, 2018

Siena Closes New $5MM Facility for Wm. G. Roe & Sons


Siena Lending Group completed a $5 million three-year asset-based revolving credit facility for Wm. G. Roe & Sons, a fourth-generation family-owned and operated business, engaged in many segments of the Florida citrus industry.

Founded in 1926, and strategically located in Winter Haven, FL, Roe’s range of products include: tangerines, Valencia oranges, tangelos, blueberries, and other specialty citrus such as starburst pummelos.

April Porter, CFO at Roe, said, “We’re grateful to Siena for structuring our new working capital line of credit to match the ebbs and flows of our highly seasonal industry. The culture of Siena seems to fit well with our straightforward approach to business and belief that there are many ways to get to the end zone. We look forward to several great years ahead with Siena.”