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Siena Announces $222MM in New Facilities

July 29, 2021, 07:40 AM

Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer clients maximum flexibility and liquidity. To follow is an overview of the financing solutions that Siena and Siena Healthcare Finance division delivered in Q2 2021. In firm news, the company continued to grow its team to meet the financing needs of its clients, bringing in recognized industry veterans Joe Panico and Keith Holler among other significant additions.
“We closed two transactions this quarter including $10 million for a hospital and $6.5 million for a medical transportation company. As the market opens back up now that pandemic restrictions have been lifted, we will continue to stay focused in our approach to the healthcare marketplace. Our clients will always be our number one focus, and we will remain diligent in crafting solutions to meet their working capital needs,” said Jennifer Sheasgreen, President, Siena Healthcare Finance.
“I am excited to share that we closed a record eight transactions in Q2. That includes facilities of $58 million, $26.5 million and $25 million for—respectively—a textile manufacturer, a valve distributor in the oil and gas sector and a remanufacturer of aircraft engines. Our team’s dedication and persistence have been critical to our success in these uncharted times. I am proud of what we’ve accomplished and look forward to maintaining our momentum for the remainder of the year,” said Dave Grende, President & CEO, Siena Lending Group.

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