Siena Lending Group, an independent asset-based lending company, increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s company-record results in Q2/21 when it closed more than $220 million in credit facilities for middle-market businesses across the country.
“After a long and challenging year for everyone, we are excited to be returning to a sense of normalcy,” David Grende, president and CEO at Siena Lending Group, said. “Siena has underwritten more than 200 credit facilities totaling nearly $2 billion since 2013 and set a firm record for aggregate facilities closed last quarter. This achievement would not have been possible without the heart and dedication of our team and the support from Wells Fargo and the bank group that participated in the transaction. As always, we look forward to upholding our promise to our clients and delivering on our commitment to crafting flexible financing solutions for middle-market businesses.”
“Siena has done a remarkable job navigating the challenges presented by COVID. By demonstrating industry expertise, creativity and patience, they were able to help their clients do the same,” David Koshenina, head of lender finance for Wells Fargo Capital Finance, said. “Wells Fargo values our relationship with Siena and we appreciate their dedication to serving middle-market clients.”