Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $672.5 million to support its continued growth. Siena is an independent asset-based lending business.
“We are very proud of what we have achieved for Siena,” David Grende, president and CEO of Siena, said. “Our continued growth and expansion into new markets would not have been possible without the continued support of our entire team, our stakeholders and the Wells Fargo team including the entire bank group. We continue to deliver for our clients a commitment to finding flexible financing solutions that supports their ongoing needs.”
“Siena has built an impressive and nimble platform to service middle market clients,” David Koshenina, head of lender finance for Wells Fargo Capital Finance, said. “We at Wells Fargo value the nine-plus year relationship we’ve built with Siena and we look forward to continuing to support their future growth and strategic initiatives.”
