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.
Siena Lending Group closed a $5.5 million asset-based credit facility for Amfuel, which is scalable up to $8 million during the three-year term.
Siena Lending Group completed a $14.6 million asset-based revolving line of credit and term loan for Innovative Hearth Products.
Siena Lending Group completed an $11.75 million secured credit facility for Nilco Enterprises and Dial Lubricants.
Suzanne Lovett joined Siena Lending Group as director of Southwest Originations in Dallas, TX. In her new role, Lovett will be responsible for originating, structuring, and funding ABL solutions with commitment amounts up to $35 million.