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Silicon Valley Bank Provides $20MM Credit Facility to Sientra

March 27, 2017, 07:00 AM
Filed Under: Medical

Sientra, Inc., a medical aesthetics company, has entered into a $15 million secured line of credit and a $5 million term loan agreement with Silicon Valley Bank (SVB). This agreement provides up to $20 million of capital to the company to be used for general corporate purposes, working capital needs related to inventory as the company prepares for FDA approval of its new manufacturing site, and strategic initiatives.

"We're pleased to provide this financing to Sientra as the company works toward achieving its strategic and operational initiatives," said Brett Maver, director for Silicon Valley Bank. "Our goal is to provide the Sientra team with the right financing, connections and services that they need to meet their corporate objectives."

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