TransAct Technologies entered into a new $10 million asset based revolving credit facility, replacing the company’s existing $20 million credit facility. According to a related 8K filed with the SEC, Siena Lending Group is providing the $10 million revolving line of credit.
Siena Lending Group has surpassed $1 billion in closed credit facilities with the completion of a $25 million asset-based revolving credit facility for an integrated packaging company headquartered in California.
Siena Lending Group closed a three-year $9 million revolving credit facility for the subsidiaries of Interactive Health, Human Touch and Relax the Back.
Siena Lending Group has launched Siena Healthcare Finance to provide a broad range of asset-based lending solutions for small to mid-sized healthcare companies. Jennifer Sheascreen and Edward Kauffman will lead the new team.