Siena Lending Group Announces Leadership Changes and Promotions

Siena Lending Group named Scott Elliotto president and Michael Zielinski director of portfolio management, while Todd Eubanks joined the company as deputy chief risk officer.

March 22, 2024 David Grende | Michael Zielinski | Scott Elliotto | Siena Lending Group | Todd Eubanks Phil Neuffer

Siena Increases Senior Leverage Facility with Wells Fargo Capital Finance to $672.5MM

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.

February 1, 2023 David Grende | David Koshenina | Siena Lending Group | Wells Fargo Capital Finance Ian Koplin

Wells Fargo Capital Finance Increases Credit Facility to $575MM for Siena Lending Group

Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year in which it closed more than $565 million in facilities across 20 relationships.

March 23, 2022 David Grende | Siena Lending Group | Stewart Hayes | Wells Fargo Capital Finance Ian Koplin

Siena Lending Group Provides $70MM Credit Facility to Navajo Transitional Energy Company

Siena Lending Group, an asset-based lender, closed a $70 million credit facility with Navajo Transitional Energy Company. The financing solution includes a $50 million asset-based revolving credit facility and a $20 million second lien term loan arranged by Siena.

February 24, 2022 David Grende | Michael Gisin | Navajo Transitional Energy Company | Siena Lending Group | Stephen Fuscaldo Ian Koplin

Siena Wins Refinancing of the Year Award for $21.5MM Facility in Support of Arandell Corporation

Siena Lending Group received the refinancing of the year award at the 15th Annual Turnaround Awards in the under $100 million category for closing a $21.5 million credit facility that supported the refinancing of Arandell Corporation and its acquisition by Saothair Capital Partners.

October 7, 2021 Arandell | David Grende | Siena Lending Group | The M&A Advisor Ian Koplin

Siena Lending Group Closes $80MM Credit Facility for iMedia Brands

Siena Lending Group closed a previously announced $80 million credit facility with iMedia Brands. In addition to the $80 million asset-based revolving credit facility, Siena arranged a $28.5 million term loan secured by company-owned real estate, which was completed in conjunction with Siena’s loan.

August 12, 2021 David Grende | iMedia Brands | Mark Orlando | Siena Lending Group | Tim Peterman Ian Koplin

Wells Fargo Capital Finance Provides $400MM Credit Facility to Siena Lending Group

Siena Lending Group, an independent asset-based lending company, increased its senior credit facility with Wells Fargo Capital Finance to $400 million.

August 4, 2021 David Grende | David Koshenina | Siena Lending Group | Wells Fargo Capital Finance Ian Koplin

Siena Provides $25MM ABL for Pelican’s Acquisition of Vault Pressure Control

Siena Lending Group provided a $25 million asset-based revolving line of credit for Pelican Energy Partner’s acquisition of Vault Pressure Control.

December 4, 2020 Baker Hughes | David Grende | Mike Scott | Pelican Energy Partners | Siena Lending Group | Vault Pressure Control ABF Journal

Siena Lending Closes $76MM in New Facilities During Q4/19

Siena Lending Group completed seven new transactions exceeding $75 million in credit facilities during the Q4/19.

January 24, 2020 David Grende | Siena Lending Group nadine

Commercial Finance Association Announces Name Change Seventy-Four-Year-Old Trade Association Rebranding as Secured Finance Network

During its 74th Annual Convention in San Diego, the Commercial Finance Association announced it will rebrand in 2019 as Secured Finance Network.

November 9, 2018 Commercial Finance Association. | David Grende | Richard D. Gumbrecht | Siena Lending Group ABF Journal