Siena Lending Group completed a $5 million asset-based revolving credit facility for RéVive Skincare.
Siena Lending Group closed a three-year $7.5 million asset-based revolving credit and FILO term loan facility for B&B Bachrach, a menswear retailer headquartered in Los Angeles.
Siena Lending Group completed a three-year senior secured credit facility for Encyclopædia Britannica and its wholly-owned subsidiary, Merriam-Webster.
Siena Lending Group completed a $10 million credit facility for Geneva Watch Group to refinance its existing senior debt and to support its working capital needs.
Few would argue that today’s ABL market is highly competitive. But a little creativity can give a company that extra edge to capture a deal. When Armada Skis came to Siena Lending to obtain new financing, Director Steven Fuscaldo recognized that PO financing was required as a bridge to cover its merchandise in transit. He called on King Trade Capital, and the two companies created a partnership that benefited all three companies.
Siena Lending Group closed a $7 million credit facility for Armada Skis to refinance its existing senior debt and to support working capital needs.
Siena Lending Group completed a $6.6 million debtor-in-possession revolving credit facility for Lincoln Paper and Tissue.
Siena Lending Group completed a $14.5 million revolving and term loan facility for AmerTac Holdings.
Square 1 Bank announced it added several key hires to its Bay Area team, including Laurie Lumenti Garty and Brad Smith as SVPs and Susan Tang and Rohit Goel as VPs.
Siena Lending Group employs a dual-prong model combining a traditional ABL balance sheet business with a customized servicing platform tailored for community banks. This enables a company that is seeking a financial solution to tap into the broader community banking universe along Siena, which has resulted in origination growth for both the bank and Siena.