Siena Lending Group closed a $60 million asset-based credit facility for Taskmaster Components, a provider of cargo and utility trailer tires, wheels, components and assemblies to OEMs, distributors and dealers across North America.
“Taskmaster Components is pleased to participate in an engagement with Siena Lending. The global economy has made it easy to find capital, but finding a lender with innovation and understanding is unique. In Siena, we found thought partners,” Amanda Walker, CEO of Siena Lending Group, said.
“We are excited to walk with Taskmaster through its next growth cycle, a company with deep and longstanding customer and vendor relationships,” Suzanne Lovett, director of Southwest originations for Siena Lending Group, said. “Our financing solution provides the working capital support necessary to help the company execute on its strategic plans and continue its long tradition of excellence in the utility trailer tire market.”
