Siena Lending Group announced the completion of a three-year $7.5 million senior secured credit facility for Harper Industries, Inc. on November 8, 2013. The credit facility consists of a $6 million working capital revolver and a $1.5 million equipment term loan.

Harper Industries, Inc. is a holding company that has construction related subsidiaries working in the southeast United States.

Billy Harper, President and CEO of Harper Industries, Inc. said, “Working with the Siena Lending Group team was a pleasure because of their attention to detail, expeditious process and their professionalism.”

In addition, David Belt, VP and CFO of Harper Industries, Inc. stated, “The entire Siena team worked diligently and long hours to understand our needs and create a facility to meet our needs.”

David Grende, President and CEO, of Siena Lending Group LLC, said, “This transaction underscores our expertise and innovation with structuring deals to support the unique capital needs of our customers. We are thrilled with the opportunity to partner with this strong management team and support their growing business.”

Siena Lending Group is an independent commercial finance company offering asset-based loans between $1 million and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (“Siena”) announces the completion of a $12.0 million revolving credit and term loan facility for Bolttech Mannings, Inc. (“Bolttech”). The facility was used to refinance the company's existing senior debt and to support the company’s growth plans and working capital needs.

Headquartered in North Versailles, PA, Bolttech is a provider of on-site technical bolting and heat treating services. With a reputation for technical expertise and innovative technology, Bolttech is uniquely positioned as one of the only providers of turnkey bolting solutions, which include on-site service, rental tools and product sales with OEM manufacturing capabilities. Bolttech serves the power generation, refinery and petrochemical markets.

Stephen Fuscaldo and Nicholas Payne, Directors of Siena, said, “Siena is very pleased to provide a working capital facility for Bolttech that allows the company to meet its liquidity needs as the company is experiencing higher demand in its markets.”

Robert Steinberg, CEO of Bolttech, said, “The liquidity that Siena’s credit facility brings will allow us to manage our business more efficiently and meet our growth targets. Siena was a quick study who understood our needs right from the onset and they were able to structure a transaction that met our needs.”

Siena Lending Group announced the completion of a three-year $2.425 million senior secured credit facility for Southern Tier Pet Nutrition LLC on October 17, 2013. The facility will be used to support the company’s working capital and capital expenditure needs.

Southern Tier Pet Nutrition LLC located in Sherburne, NY, is a leading contract manufacturer of premium holistic, natural and organic pet foods in the United States. The company is a pioneer in the organic pet food space, owning the first organic certified plant in the U.S., and is the only USDA organic certified pet food producer on the East coast. Southern Tier Pet Nutrition is owned in partnership by BHC Interim Funding III, L.P. and Ohio Pet Foods, Inc., a third-generation owned manufacturer of high quality pet food.

David Grende, president and CEO of Siena Lending Group, said, “We are pleased that we were able to support Southern Tier during this period of vibrant growth. We’re impressed by the leadership in this business and look forward to working together to help management meet all of their future goals.”

James Golladay, chairman and president of Ohio Pet Foods, said, “We are very excited to partner with Siena on this transaction. Their flexibility and responsiveness will allow Southern Tier to make productivity increasing investments and build upon the rapid growth it has experienced this year.”

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 million and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (“Siena”) announces the completion of a $3.5 million revolving credit facility for AlterG, Inc. ("AlterG") to partially refinance the company's existing senior debt and to support their working capital needs.

The transaction was done in conjunction with First West Capital who provided a $4.5 million term loan to complete the refinance of the senior debt. The total refinancing package was arranged by Business Capital.

Headquartered in Fremont, CA, and founded in 2005, AlterG is a medical and rehabilitation device company that manufactures and sells Anti-Gravity Treadmills® for use in rehabilitation, athletic training, and exercise. AlterG uses technology developed by NASA to create an "unweighting environment" on a treadmill by using different levels of air pressure to adjust the user’s body weight by between 20% and 100% of their normal weight.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to provide a total financing solution in conjunction with First West Capital. The total debt package gives the company more flexibility to run its business and focus on their growth strategies.”

Kevin Davidge, CFO of AlterG, said, “Siena, in combination with First West Capital, provided a complete financing package that suits our needs and will allow us to focus on moving our business forward in a number of exciting areas. Siena was instrumental in driving the closing process and I appreciated their flexibility in getting the deal done.”

Siena Lending Group LLC (“Siena”) announced the completion of a $4 million CAD revolving loan facility for East Fraser Fiber Co. Ltd. and Parallel Wood Products (“East Fraser”). The facility will be used to refinance East Fraser’s existing lender and to providing additional liquidity for working capital. Dynamic Capital (“Dynamic”) acted as the financial adviser on the transaction.

East Fraser Fiber Co. Ltd. and Parallel Wood Products, headquartered in Prince George, British Columbia, Canada operate two finger-joint stud plants, a whole-log stationary chip plant, and a trim block sorting station. East Fraser began operations in 1990 and operates in four locations in British Columbia.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to have executed on our capabilities to close a Canadian domiciled facility and to have closed our second transaction with the Glaziers.”

Patrick Glazier, Owner of East Fraser, said, “We chose Siena because of their willingness to understand our business, and desire to be long term partners as we continue to grow the two companies.”

Siena Lending Group LLC (“Siena”) announces the completion of a three year $5 million asset based revolving credit facility for Halo, Purely for Pets, Inc. ("Halo"). The facility will be used to support the company's working capital and to expand their distribution system.

Halo, founded in 1986, is a pet food company based in Tampa, FL and is majority-owned by a fund managed by private equity firm Pegasus Capital Advisors ("Pegasus"). Halo manufactures natural, high-end pet food, formulated with real meat instead of grain, emphasizing quality, taste, and nutrition for pets. Products are sold nationally through various distribution channels including e-commerce sites, large retailers, and independent pet supply retailers.

Scott Elliotto, Director of Siena Lending Group, said, "We are pleased to have the opportunity to work with another Pegasus company and Halo's strong management team, and look forward to Halo's future growth and success."

Siena Lending Group LLC (“Siena”) announces the completion of a $19.5 million revolving and term loan credit facility for Stewart Tubular Products, LLC ("Stewart") to refinance the company's existing senior debt and to support their working capital needs. The transaction was completed in conjunction with the arrangement of a $10.0 million term loan to complete the refinance of the senior debt. Stewart is a portfolio company of Aterian Investment Partners (“Aterian”). Aterian invests in industry leading, middle market businesses providing resources to further enhance operations, growth and investment initiatives.

Headquartered in Houston, TX, Stewart is a leading manufacturer of mission-critical, down-hole accessories and threaded applications used in oil and gas wells, and is one of the few licensed manufacturers of down-hole accessories that can cut proprietary, premium threads. The products are critical components, such as cross-overs, pup joints and blast joints for oil and gas wells as they connect main sections of pipe down-hole that are critical for completion activities. Stewart was acquired by Aterian in 2016.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to deliver a total financing solution to Stewart. The total debt package allows the company to focus on its growth targets as they now have flexibility and liquidity with the new financing.”

Anthony Patschke, President of Stewart, said, “Siena arranged and provided a complete financing package that will allow us to focus on growing and managing our business. Siena was instrumental in driving the process and having the flexibility in getting the deal done.”

Siena Lending Group announced the completion of a $6 million revolving and term loan facility for Lincoln Paper and Tissue, LLC. The facility was used to fund a capital expenditure project that was time sensitive and critical for the business as well as for working capital needs. The transaction closed within 30 days from the initial request.

Headquartered in Lincoln, ME, Lincoln is the largest producer of deep-dyed tissue and a market leader in specialty white bonded tissue that is converted into napkins, party goods and specialty towels.

David Grende, President and CEO of Siena Lending Group, said, “We are very pleased that we were able to provide the financing in a timely fashion for Lincoln to execute on its capital expenditure project.”

John Wissmann, CFO of Lincoln, said, “The people at Siena are very professional and are a pleasure to work with. They delivered on exactly what they proposed including closing the deal in 30 days.”

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 million and $25 million to small and middle-market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena’s independence as a finance company allows innovative and flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has, on average, over 20 years each of experience and has transacted over $12 billion in facilities.

Siena Lending Group LLC (“Siena”) announced the completion of an $6.0 million Debtor-In-Possession revolving credit facility for Gourmet Express, LLC (“Gourmet”). The facility will be used to fund working capital until the completion of a bankruptcy sale.

Headquartered in Greenville, KY, Gourmet is a packaged consumer products company specializing in the production, distribution and marketing of a wide variety of frozen food products.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide the company with the working capital it needs as they transition into their next phase”.

Robert Iommazzo, Chief Restructuring Officer of Gourmet and a Managing Director at Traxi, LLC, said, “We were able to utilize Siena’s knowledge of the bankruptcy process to provide Gourmet with the funding to help navigate through the bankruptcy.”

Siena Lending Group LLC (“Siena”) announces the completion of a $7.0 million credit facility for Raven Antenna Systems, Inc. dba Global Skyware ("Raven") to refinance their existing senior debt and to support their working capital needs.

Headquartered in Smithfield, NC, Raven manufactures very small aperture terminal, direct-to-home and broadband satellite antennas as well as the related products and accessories. These antennas are an essential element of the Ground Equipment needed to receive transmission and reception of voice, video, and data from satellites in space. Raven is owned by Global Invacom Group Limited ("Global"), a public company listed on the Singapore mainboard exchange and the U.K. AIM market.

Stephen Fuscaldo, Director of Siena Lending Group, said, "We are pleased to provide a flexible asset-based facility to Raven which will allow them to capitalize on their increase in working capital assets due to volume growth."

Matthew Garner, CFO of Global, commented, "Siena delivered on their promise to close the transaction from start to finish in five weeks and demonstrated a high level of professionalism in doing so. We look forward to a long relationship with Siena."

Siena Lending Group announced the completion of a three-year $7.0 million senior secured credit facility to New Dalton Corporation. The facility will be used to finance Speyside Equity’s (majority owner) and Beckner Clevy Partners stock acquisition of Dalton Corporation and its operating subsidiaries from Neenah Enterprises, Inc.

Headquartered in Warsaw, Indiana, New Dalton is a foundry for complex, heavy-cored, gray iron castings used in critical applications in the HVAC, power transmission, engine, heavy truck, agriculture, and construction industries.

Jeffrey Stone, Managing Director of Speyside, said “We approached Siena because of the excellent experience on our acquisition of Pacific Steel Casting Company assets out of bankruptcy. We were confident that they could deliver the facility on an extremely expedited timeline to close.”

Michael Clevy, partner at Beckner Clevy, added, “Siena Lending did a great job under an extremely aggressive timeline. The due diligence and financial analysis on the Dalton business helped us focus on what we needed to do to get the transaction across the line in less than 30 days from engagement. We appreciate the time and attention to detail the Siena team devoted to this transaction. I know it required many elements of the deal to be done in parallel and lots of late night work.”

David Grende, President and CEO of Siena Lending Group, said, “This is the second financing that we have completed with Jeff Stone of Speyside. His experience and track record in this industry sector gives Siena great confidence that New Dalton will be another successful acquisition."

Siena Lending Group is an independent commercial finance company offering asset-based loans between $1 million and $30 million to small and middle market businesses across the United States. Siena also offers a referral and servicing program, ABL Alliance, which provides community and regional banks with the resources to offer asset based loans without spending the time or money on building an internal ABL capability.

Siena Lending Group announced the completion of a three year, $7.5 million senior secured revolving credit facility for I.D. Systems, Inc. (“I.D. Systems”). The facility will be used for the future working capital needs.

Headquartered in Woodcliff Lake, New Jersey, I.D. Systems is a NASDAQ-listed company that develops, markets and sells wireless machine-to-machine solutions for managing and securing high-value enterprise assets.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide I.D. Systems with the capital that they will need in a flexible structure that will allow them to continue to execute on their operating strategy.”

Ned Mavrommatis, Chief Financial Officer of I.D. Systems, said, “We are very pleased with Siena’s execution and flexibility in closing the transaction in a timely and efficient manner. Siena offered us a very flexible structure that will allow us to operate our business and manage our liquidity efficiently.”

Siena Lending Group announced the completion of an $8 million revolving and term loan facility for Southern Parallel Forest Products Corp. The facility will be used to purchase a sawmill and planer mill as well as providing additional liquidity for working capital. Dynamic Capital acted as the financial adviser on the transaction.

Headquartered in Albertville, AL, Southern Parallel produces Southern Yellow Pine lumber for the housing and lumber treating markets in the southern and central United States.

David Grende, President and CEO of Siena Lending Group, said, “We are very pleased to have helped the Glaziers transact on the purchase of the mill and look forward to a long lasting relationship as they continue to execute on their strategic vision.”

Patrick Glazier, owner of Southern Parallel, said, “We are pleased to have established a lending relationship with Siena and we are excited about the future prospects for our business. The procurement of these credit facilities will allow us to add efficiencies to our plant and facilitate growth in our business."

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 million and $25 million to small- and middle-market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset-based product for community and regional banks that desire improved operating metrics and asset diversification.

Dynamic Capital is an independent financial services company based in Western Canada. Dynamic specializes in equipment leasing and term debt solutions through a vast network of direct lenders in addition to the capital deployed through their own portfolio.

Siena Lending Group announced the completion of a three-year $9 million asset-based revolving credit facility for Xenith, LLC, a portfolio company of Rock Ventures LLC. Xenith will utilize Siena’s facility to provide additional liquidity and capital to support the company’s growth and new product initiatives.

Headquartered in Detroit, Xenith is engaged in the development and commercialization of football helmets and other impact protection equipment used in youth, varsity and professional levels. Xenith is an authorized supplier of football helmets to the National Football League. Through its Adaptive Head Protection®, Xenith is a recognized industry leader in helmet technology and is the only manufacturer to exclusively produce Five-Star helmets under the widely accepted Virginia Tech rating system. Xenith EPIC was recognized as the top performing helmet in the 2015 NFL Health and Safety Report, in testing coordinated with the NFL Players Association and the University of Virginia.

"We’re pleased to provide Xenith with a revolving line of credit to help the company execute its strategic plan and growth initiatives,” said David Grende, President and CEO of Siena Lending Group.

“Working with a recognized industry leader like Siena is a win-win because the company is an experienced, professional lender that will support our aggressive growth initiatives over the next three years,” said Joe Esposito, Chief Executive Officer of Xenith.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $10.0 million asset based revolving credit facility for Integrity Delaware, LLC dba Integrity Industries (“Integrity”) to provide additional working capital for the business as they begin their expansion plans to meet the rising demand in the oilfield.

Headquartered in Kingsville, TX, Integrity is a leading manufacturer of high-quality drilling fluid products and oilfield specialty chemicals, including oil-based mud, fracking chemicals, and lubricants. Integrity has occupied the same niche for more than 25 years and is recognized as an expert in oil-based drilling systems and chemicals.

Max Duncan, CEO of Integrity Delaware, LLC, said, “We are excited to partner with Siena as a vehicle to support our growing business. They were willing to help us when conventional banks wouldn’t, and for that we are thankful to Siena."

Victoria Levine, Director of Siena Lending Group, said, “We are pleased to provide a flexible asset-based facility to Integrity Industries to support their growth initiatives. We have been very impressed by Max, his leadership team and the entire organization and look forward to assisting them in achieving their goals.”

Siena Lending Group LLC (“Siena”) announced the completion of a three-year $10.5 million asset based revolving credit facility for Gross & Janes Company to refinance their existing senior debt and to provide additional working capital. Siena’s facility was done in conjunction with a $3.5 million term loan provided by CapX Partners.

Headquartered in Kirkwood, MO, Gross & Janes Company is the largest supplier of untreated railroad ties in North America providing ties to the large, national railroad companies. FocalPoint Partners LLC acted as the debt and financial advisor on the transaction.

David Grende, President and CEO of Siena Lending Group, said, “We are very pleased to provide the credit facility to Gross & Janes allowing the company to take advantage of the current industry demand for their product. We were able to understand the industry dynamics to solve their liquidity needs and were able to complete the transaction within the timeframe required by the company.”

Michael DiRaimondo, CFO of Gross & Janes said, “Siena was a pleasure to work with as they really listened to what our needs were and acted upon it within the timeframe that we requested. It is refreshing to work with a lender that actually wants to lend money and understands the needs and the industry of the company.”

Siena Lending Group LLC (“Siena”) announces the completion of a $12 million revolving credit facility in conjunction with a $21 million term loan facility for PCX Aerostructures, LLC (“PCX”). The facilities were used to refinance the company's existing senior debt and to support the company’s growth plans and working capital needs. PCX is a portfolio company of RFE Investment Partners (“RFE”). RFE is a private equity investor with a long-standing small buyout heritage and a time-tested strategy for growing businesses in partnership with management.

Headquartered in Newington, CT, PCX is a manufacturer of flight critical precision machined components for military and commercial aerospace applications. The components consist mainly of rotors and assemblies for Chinook and Apache helicopters. PCX produces all inventory to order based on long-term supply contracts with leading Aerospace OEMs and Integrators, as well as the US government. The platform was acquired by RFE in 2014.

Stephen Fuscaldo, Director of Siena, said, “Siena worked hard on finding a financing solution to meet all stakeholder needs with a creative and complex financing structure. It was a team effort, which also included RFE who has given PCX tremendous support and were a pleasure to work with.”

Michael Rubel, Managing Director of RFE, said, “Siena was very instrumental in creating a financing solution for the company which will allow the company the ability to execute on its backlog and meet its growth plans.“

Jeff Frisby, President & CEO of PCX, said, “Siena did a great job in constructing a financing package for PCX and, in concert with RFE, will allow us to grow our business and serve our customers. Even though it was a complex financing solution, it was completed in a quick timeframe.”

Iceberg designs, manufactures and distributes office furniture and accessories.

Siena Lending Group announced the completion of a three-year $27 million credit facility for Sypris Solutions Inc. (“Sypris”) to refinance their existing senior debt and to support their growth requirements. The facility included a $15 million asset-based revolver and a $12 million arranged term loan provided by Great Rock Capital. Huron Business Advisory acted as the debt and financial advisor to Sypris. The transaction from start to finish was closed within 30 calendar days.

Headquartered in Louisville, KY, Sypris Solutions is a diversified provider of outsourced services and specialty products. The company performs a wide range of manufacturing, engineering, design and other technical services, typically under multi-year, sole-source contracts with corporations and government agencies in the markets for truck components and assemblies and aerospace and defense electronics.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide a flexible asset based facility to Sypris that will help their companies grow and execute their growth initiatives as well as execute their strategic plan. We are especially pleased that we were able to complete this complicated transaction within the 30 day timeframe that we proposed on from the start.”

Commenting on the announcement, Jeffrey T. Gill, President and CEO of Sypris Solutions, said, “We are very pleased to partner with Siena Lending Group as our financial lender. The Siena team demonstrated a high level of professionalism throughout the process, met each and every one of its commitments and successfully completed the transaction ahead of schedule.”

Geoffrey Frankel, Managing Director of Huron Business Advisory, said, “We were very pleased to have chosen Siena as the leading debt provider and felt that they understood the company’s liquidity needs. Siena was able to put together a structure that satisfies the liquidity needs of the business and they delivered on what was promised in less than 30 days. Siena’s principals have a proven track record of success and we look forward to a long-term relationship.”

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $5 million asset based revolving credit facility for RTA Furniture Distributors, Inc. dba Just Cabinets Furniture & More (“JCF&M”) to refinance its existing senior debt and to provide additional working capital. Getzler Henrich & Associates LLC (“Getzler”) acted as the exclusive financial advisor to JCF&M.

Headquartered in Harrisburg, PA, JCF&M sells semi-custom kitchen cabinets, countertops and appliances, as well as in-stock, full-line home furnishings (including dining, bedroom, home office, casual living and mattresses) through 15 retail stores located in PA, MD, DE, and NJ and on-line at www.justcabinets.com. In addition, JCF&M has a contractor division (ProCab Division), catering to mid-size builders, developers and project managers. Just Cabinets Furniture & More was started in 1982 with three retail locations.

Scott Elliotto, Director of Siena, said, “We are pleased to have been able to work with Ted and his team as well as Getzler on this transaction, and we look forward to helping JCF&M achieve their goals.”

Ted Bernstein, President and shareholder of Just Cabinets, said, “The Siena transition team was extremely diligent and thoughtful in helping us get on board. We look forward to working with them closely.”

Siena Lending Group LLC announces the completion of a three-year $10 million credit facility for Marbles: The Brain Store (“Marbles”) to refinance their existing senior debt and to support their store growth requirements. Marbles is a portfolio company of Amzak Capital Management and the principals of Prentice Capital Management.

Headquartered in Chicago, Illinois, Marbles is a leading retailer with 36 stores of toys, games, gifts, and gadgets in the high growth brain-fitness market. Marbles premise is based on compelling research that playing new games and solving challenging puzzles can help maintain a healthy brain, and that the brain has the ability to adapt and improve at any age. Marbles differentiates itself from other toy retailers by marketing the brain-fitness aspect of its products and having a high touchpoint environment with its customers. Marbles, which has been growing strongly, plans to increase its stores count by 20% in 2016.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide a flexible asset based facility to Marbles that will help support their store and online growth initiatives. We are especially pleased that we were able to complete this transaction in a compressed timeframe of less than 30 calendar days.”

Scot Fischer, Managing Partner of Amzak Capital Management, stated, “We are very pleased to partner with Siena Lending Group as our financial lender. The Siena team demonstrated a high level of flexibility on the structure of the transaction and understood the seasonal aspects of our company. They also were able to close the transaction in less than 30 days.”

Siena Lending Group announced the completion of a one-year $1.5 million senior secured revolving credit facility for Vinturi, Inc. The facility will be used to support Vinturi’s working capital and seasonal requirements.

Headquartered in Carlsbad, CA, Vinturi, Inc. is a premier designer, marketer and distributor of patented wine aeration products utilizing the Bernoulli principle.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Vinturi the working capital it needs for their seasonal requirements and for their anticipated growth.”

Paul Stacey, CEO of Vinturi, said, “Siena was very flexible and creative in providing a structure that meets our seasonal needs and forecasted growth. They were a pleasure to deal with.”

Siena Lending Group is an independent commercial finance company offering asset-based loans between $1 million and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $2.5 million asset based revolving and term loan credit facility for DelVal Flow Controls ("DelVal") to refinance their existing senior debt and to provide additional working capital for the business.

Located in Geismar, LA, DelVal proudly presents a range of world-class flow control valves and valve automation products produced with one simple goal in mind - "Customer Benefit."

Chip Lee, CEO of DelVal Flow Controls, said, "This strategic relationship with Siena will help us expand our business in North & South America. We look forward to working with Siena for many years to come as they help us achieve our mission of becoming the preferred brand for flow control products throughout the world."

Nick Payne, Senior Vice President of Siena Lending Group, said, "Our team is delighted to provide this credit facility to DelVal to support their execution of several strategic objectives. We worked succinctly with Chip and his team to provide an innovative solution that was delivered within the time frame specified by both the company and its shareholders."

Siena Lending Group announced the completion of a two-year $5 million senior secured revolving credit facility for Smooth Fitness on Sep. 23, 2013. The facility will be used to support the company’s working capital and growth plans. In addition, the facility also includes an accordion option that can be exercised by the company to increase the line size.

Headquartered in King of Prussia, PA and owned by a private equity sponsor, Larsen MacColl Partners, Smooth Fitness is a premier designer and online retailer of home fitness equipment across North America.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide an innovative and creative financial solution that will assist the company through their seasonal needs and growth objectives. We look forward to working with the company as they execute their business plan.”

Tim MacColl, Managing Partner of Larsen MacColl Partners, said, “We are extremely happy with Siena Lending Group’s execution, responsiveness and their ability to be flexible. Siena’s facility will allow Smooth to attain its growth initiatives.”

Siena Lending Group is an independent commercial finance company offering asset-based loans between $1 million and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (Siena) announced the completion of a three-year $3 million senior secured revolving credit facility for Trigger Point Performance, Inc. (Trigger Point). The facility will be used for working capital needs as Trigger Point continues on its strong path of growth to include new product development and increased distribution.

Headquartered in Austin, TX, Trigger Point Performance designs, develops, and distributes high quality self-care preventative, treatment and self-massage soft tissue therapy products. The products are used extensively in fitness and physical therapy centers throughout the United States and across the globe.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Trigger Point with the capital that they will need in order to execute on their growth plans.”

Cassidy Phillips, Founder and CEO of Trigger Point and former IRONMAN triathlete, said, “When it comes to growth capital, having the right partner is imperative. Siena has been extremely helpful, easy to work with and understands the opportunity that Trigger Point has around the world. We are very happy with the partnership and look forward to our future together.”

Trigger Point Performance is a life-enhancing brand concentrating on empowering people with revolutionary methodologies and patented products that maintain, regulate and stimulate the muscular movement of the human body.

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena’s independence as a finance company allows innovative and flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has over 170 years of combined experience and has transacted over $12 billion in facilities.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year asset based revolving credit facility for Mill Creek Entertainment LLC (“Mill Creek”) to provide additional working capital for the business.

Located in Minnetonka, MN, Mill Creek is an entertainment industry leading provider of value-priced DVD and Blu-Ray features and compilations. Content include: movies, television series, children's programming, and special-interest compilations with products ranging from contemporary and classic films to documentaries.

Robert Zakheim, CEO and President of Mill Creek, said, “As product inventory is a substantial component of serving our robust customer base, we are very pleased with the flexibility that Siena offered Mill Creek in helping us to establish an enhanced credit facility to help facilitate our growth.”

Nick Payne, Senior Vice President of Siena Lending Group, said, “We are very pleased to provide the credit facility to Mill Creek Entertainment to support their continued growth initiatives. We worked closely with Robert and his leadership team to provide a flexible solution that was delivered within a short timeframe.”

Siena Lending Group LLC (“Siena”) announces the completion of a $7.0 million credit facility for Armada Skis, Inc. (“Armada”) to refinance their existing senior debt and to support their working capital needs.

Headquartered in Park City, Utah, Armada designs, develops, sells, and distributes its branded ski equipment and apparel throughout the US, Canada, Europe and Asia. Founded by professional skiers in 2002, Armada is the original athlete-owned, athlete-inspired ski company. Armada has stayed true to its roots and has continued to increase its brand awareness through its commitment to skiers.

Stephen Fuscaldo, Director of Siena Lending Group, said, “We are pleased to provide a flexible asset based facility to Armada that helps them through their seasonal needs and the revenue growth that they anticipate. We are excited to be their lender as the brand continues to grow.”

Erik Snyder, CEO of Armada stated, “We are very pleased to have the Siena Lending Group as our financial lender and partner. The Siena team demonstrated a high level of professionalism and were instrumental in incorporating the right lending structure for the company. They are a pleasure to work with and have a very dedicated team.”

Siena Lending Group LLC (“Siena”) announces the closing of an $8.0 million credit facility for Deco Enterprises, Inc., dba Deco Lighting (“Deco”). The financing was completed in four weeks. The credit facility provides additional working capital to support Deco’s growth.

Headquartered in Commerce, CA, Deco is a leading manufacturer in the lighting industry focusing on the latest green technology, energy saving lighting and controls. The Company’s products, including architectural and commercial LED fixtures, outdoor luminaires, lighting controls and custom fixtures, have existed for over a decade and are sold to commercial, municipal, military and government customers throughout the United States and worldwide.

Sam Sinai, CEO of Deco Enterprises, Inc., said, “Siena demonstrated flexibility and speed through the process in delivering on what they promised. The new financing allows us to take advantage of immediate business opportunities and grow Deco’s business. We value Siena’s lending capabilities and look forward to the mutual benefits the relationship will bring as we take advantage of future growth opportunities.”

Mark Orlando, Western Region Director of Siena Lending Group, said, “We are pleased to have been able to deliver a flexible credit facility to Deco that provides additional liquidity to support their immediate needs and future growth initiatives. Our team at Siena worked well with Deco’s management to meet their timeline and complete the financing in less than one month. We are impressed with Sam and the entire Deco organization, and look forward to supporting their business to achieve its goals well into the future.”

Siena Lending Group LLC announces the completion of a three-year $10 million senior secured revolving credit facility for Temp-Tations, LLC. Proceeds from Siena’s facility will be used to allow the company to pay down higher priced subordinated debt and to support working capital requirements.

Headquartered in Exton, PA, Temp-Tations designs, markets and sells ceramic, ‘oven to table’ ovenware, linens, table top accessories, dinnerware, cookbooks, recipe cards, stainless flatware, and other related kitchen accessories. Temp-Tations exclusively sells through the QVC shopping channel networks, which include QVC US, UK, Germany, and The Shopping Channel in Canada.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide a flexible asset based facility to Temp-Tations allowing them to focus on their business model while providing the company with the opportunity to pay down higher priced debt.”

Steven Wolf, Temp-Tations’ CFO, said, “Siena Lending Group provided flexible financing which fit the needs of the Company perfectly. The new partnership will allow the Company to meet its ambitious growth plans for the future as well as facilitate the Company's ability to pay down more expensive unsecured debt. I look forward to working with Dave Grende and his team, who closed the loan quickly and efficiently. They are true professionals.”

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (“Siena”) announces the completion of a $10 million revolving credit facility for Standardized Sanitation Systems, Inc. (“SSS”). The facility is being used to refinance the company's existing debt, fund future acquisitions and support the company’s growth and working capital needs. Peapack-Gladstone Bank is participating with Siena in the transaction.

Headquartered in Billerica, MA, SSS operates as a mid-channel industrial/commercial facility cleaning and maintenance networking organization. The company has become a highly competitive, national sales, marketing, logistics and training organization serving a customer base consisting of 120 member-owners of janitorial/sanitation distribution companies. Indirectly, SSS serves education, healthcare, building service contractors as well as local, state and federal government clients through its member-owner customer base. The fairly newly created subsidiary, T-S Holdings, Inc., is the company’s acquisition arm that allows the company to maintain market share as Member-Owners look to exit their privately held businesses.

Stephen Fuscaldo, Director of Siena, said, “Siena is pleased to provide a working capital facility for SSS that allows the company to focus on driving its growth with a flexible structure and covenant package.”

Alan Sadler, CEO of SSS, said, “Siena’s credit facility allows the company to continue to implement its acquisition strategy by way of T-S Holdings, Inc. and meet its growth targets without worrying about managing the business to certain financial covenants. Siena understood the business from the beginning and properly valued our well-developed assets in a way that traditional banks were not able to.”

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $10 million revolving credit facility for Mission Product Holdings Inc. (“Mission” or the “Company”). The credit facility will be used to refinance the company’s existing senior debt and support its working capital needs.

Mission, headquartered in New York City, is a leading developer and manufacturer of cooling apparel and accessories. Mission distributes an innovative line of instant cooling apparel and accessories from the Company’s namesake brand, and is recognized as the industry leader in heat safety. Mission is distributed nationally in over 10,000 locations, and has a loyal fan base of customers.

Scott Elliotto, Director of Siena Lending Group, said, “We are pleased to team-up with Mission to help provide the right capital structure to support the business in its continued growth and success.”

Tim Sheehy, Partner of Fremont Private Holdings, said, “We look forward to growing the Mission business with the support of Siena in the years ahead.”

Siena Lending Group LLC (“Siena”) announces the completion of a $10 million credit facility for Geneva Watch Group, Inc. ("Geneva") to refinance their existing senior debt and to support their working capital needs.

Headquartered in New York, NY, Geneva is a designer and distributor of branded fashion watches. The company's brands include Kenneth Cole, Ted Baker and Sean John. Geneva uses its experienced product development and design team in collaboration with its branded customers with whom they have had long-standing relationships.

Stephen Fuscaldo, Director of Siena Lending Group, said, "We are pleased to provide a flexible asset based facility to Geneva to allow them to increase sales with their existing brands as well as expanding their brand capability to obtain licenses for other brands."

Christian Frommherz, CEO of Geneva's parent company, said, "Siena demonstrated a high level of professionalism and were able to execute and close in the time frame necessary. We look forward to a long relationship with Siena as we look towards future opportunistic acquisitions."

Siena Lending Group LLC (“Siena”) announces the completion of a revolving credit facility for Ambassador Education Solutions ("Ambassador") to refinance the company's existing senior debt and support its working capital needs. The additional capital will allow Ambassador to continue its growth trajectory, supporting current and new client institutions that turn to Ambassador to power their course materials and content integration programs.

Headquartered in Melville, NY, Ambassador partners with colleges and universities to simplify the entire course materials adoption, management, and delivery process. Ambassador's proprietary technology, customizable bookstore, and fulfillment service models connect students with textbooks, eBooks, digital resources, custom content, supplies, kits, devices and more, driving down costs and improving outcomes.

“Ambassador is committed to improving the education experience and this liquidity comes at a time when we are experiencing strong demand in the market. It will enable us to continue to meet the needs of our expanding customer base as we deliver technologies and services that make course materials more accessible and affordable," said Steven M. Blicht, Chief Operating Officer of Ambassador. "We appreciate Siena's efficiency in closing this transaction, and we are looking forward to a long-lasting relationship."

Stephen Fuscaldo, Director of Siena, said, “Siena is pleased to provide a flexible asset based facility for Ambassador which will allow its team to manage liquidity and provide for increased working capital assets as a result of the company’s growth. Ambassador provides a tremendous service to students, faculty, and colleges and universities.”

New Age is a public company that started out as a microbrewery and morphed into a beverage distributor. More recently, New Age morphed again—into a beverage company—and acquired some better-for-you brands like Coco Libre. Today, the company is in the early stages of building out its brands, an expensive proposition that requires a great deal of marketing and advertising and related expenditures.

Siena Lending Group announced the completion of a $14.5 million revolving and term loan facility for AmerTac Holdings, Inc. (AmerTac). The facility was used to refinance the existing lender as well as providing additional liquidity for working capital needs.

Headquartered in Breinigsville, PA, AmerTac is a designer, marketer and distributor of electric fixtures including decorative wall plates, lighting controls and timers and other accessories that are sold primarily to the big-box retailers.

David Grende, President and CEO of Siena Lending Group, said, “We are very pleased that we were not only able to provide the financing for AmerTac but also assist in selecting an operational improvement advisor.”

Dan Rego, Chairman of AmerTac, said, “The people at Siena are very professional and not only focused on the critical refinancing requirement but cared about the long term viability of the company.”

Siena Lending Group LLC, in conjunction with North Mill Capital, LLC, announces the completion of a three-year $25 million asset based revolving credit facility for D&M Holdings US, Inc. and D&M Canada, Inc., to support their growth and seasonal working capital requirements. Headquartered in Mahwah, NJ, D&M Group manufactures and distributes premium home theater, audio, and software products sold under the Denon, Marantz and Boston Acoustic brand names.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide a flexible asset based facility to D&M Holdings US, Inc. and D&M Canada, Inc. that will help the companies grow and execute their growth initiatives especially regarding HEOS - its wireless multi-room sound system. We are pleased that D&M recognized Siena Lending Group’s successful track record of delivering what we propose and our ability to structure a transaction that was flexible and fits all of their needs. The management team at D&M is first class and we look forward to working with them as they execute on their strategic plan”.

Jeff Goldrich, President and CEO of North Mill, said, “The Siena Lending Group and North Mill Capital participation provides a highly competitive financing alternative in the market and we are particularly excited to be part of the D&M opportunity.” North Mill Capital is a national asset-based lender and factor with full service offices in Princeton, New Jersey and Minneapolis, Minnesota.

Blake DeSimone, Chief Financial Officer of D&M, said, “We are pleased to have Siena as a financial partner. Siena’s management team is experienced and highly regarded in the lending industry. They took the time to understand our business and to structure a deal that will help the Company accelerate growth and expand our footprint with HEOS, the Company’s wireless multi room sound system. Information about HEOS by Denon can be found at heosbydenon.com. Siena’s principals have a proven track record of success and we look forward to a long-term relationship.”

Siena Lending Group LLC (“Siena”) announces the completion of a $3.75 million asset-based revolving credit and term loan facility for MDT Holdings LLC, the owner of Michael Dusi Logistics (“MDL”). The facility will be used to support the company’s growth and expansion initiatives as well as for general working capital requirements.

MDL, based in Paso Robles, CA, is a niche, third-party logistics firm that provides a broad suite of specialized solutions to the wine and craft beer industry. MDL provides its solutions to a wide group of vineyards, wineries, breweries and distributors through two strategically located, temperature-controlled warehouses with over one-million cases of storage capacity and a diversified, flexible tractor and trailer fleet. Services include harvest-related transport, bulk wine transport, dry van/reefer delivery services, general warehousing and storage, and other value-added logistical services. In March 2018, MDL received a controlling investment from Headhaul Capital Partners LLC (“Headhaul”) and Tattooed Dog II LLC (“Tattooed Dog”), both of which are private equity firms focused on the transportation and logistics industry.

"Working diligently with the management team, we were able to structure a facility that provides MDL with greater financial flexibility and incremental liquidity to support their growth,” stated Scott Elliotto, Director of Siena Lending Group. “We have successfully worked with Headhaul on a previous transaction and we appreciate the opportunity to partner with them again.”

Headhaul is a New York-based middle market private equity firm focused on investing in and building businesses in the transportation, logistics and distribution industries.

Seth Wilson, Headhaul’s Managing Partner, stated, “We are excited to have entered into a financial partnership with Siena. MDL is now well positioned to keep pace with the growing wine industry in California’s Central Coast.”