Siena Lending Group completed a three-year $2.5 million asset-based revolving and term loan credit facility for DelVal Flow Controls to refinance its existing senior debt and to provide additional working capital for the business.

Geismar, LA-based DelVal produces a range of flow control valves and valve automation products.

Chip Lee, CEO of DelVal Flow Controls said, “This strategic relationship with Siena will help us expand our business in North and South America. We look forward to working with Siena for many years to come as they help us achieve our mission of becoming the preferred brand for flow control products throughout the world.”

Nick Payne, senior vice president of Siena Lending Group, said, “Our team is delighted to provide this credit facility to DelVal to support their execution of several strategic objectives. We worked succinctly with Chip and his team to provide an innovative solution that was delivered within the time frame specified by both the company and its shareholders.”

Siena Lending Group is an independent specialty finance company offering asset-based loans between $2 million and $30 million to middle market businesses across the U.S.