What Siena Lending Group does

Siena Lending Group LLC is an independent commercial asset-based lender founded in 2012 and headquartered in Stamford, Connecticut, serving middle-market companies across the U.S. and Canada with senior secured financing alternatives to traditional bank credit. The firm provides revolving lines of credit and term loans (typical facility sizes of $10-100M+ for general industry and $7-50M for healthcare), secured by first-lien positions on accounts receivable, inventory, equipment, and real estate, and structures transactions including working capital loans, leveraged buyouts, DIP financing, exit financing, and turnaround/restructurings for companies with annual revenues of $30M-$1B. Siena operates a specialized Siena Healthcare Finance division serving post-acute care, hospitals, home health, pharmacy, and medical device borrowers, and distributes its ABLServe™ proprietary client portal — developed in-house — to streamline borrowing-base reporting and fund requests.

Siena earns revenue primarily through interest income on drawn balances, with facility economics negotiated on a quote-based, collateral-driven basis (up to 100% of eligible receivables, 75% of qualified inventory, 80% of appraised equipment). Go-to-market is a regional direct-sales model with eight offices and dedicated Managing Directors covering the Northeast, Midwest, Southwest, Western, and Canadian markets, supplemented by relationships with private equity sponsors. Siena's deal flow is anchored by its $850 million senior leverage facility with Wells Fargo Capital Finance (upsized in January 2025) and balance-sheet sponsorship from Franklin BSP Capital Corporation, an affiliate of Benefit Street Partners and ultimately Franklin Resources Inc., which acquired Siena Capital Finance LLC in February 2019. The firm has cumulatively closed over $2 billion in facilities to more than 100 clients and transacted over $1 billion in 2025 alone, indicating an inflection in origination velocity supported by deep institutional capital and a leadership team largely drawn from GE Capital, CIT, Wells Fargo Capital Finance, HSBC, and Ares.

Name

Siena Lending Group

Legal name

Siena Lending Group LLC

Website

https://sienalending.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Siena Lending Group is an independent asset-based lender providing senior secured revolving lines and term loans (typically $10-100M+) to U.S. and Canadian middle-market companies as an alternative to traditional bank financing. It also operates a dedicated healthcare lending division and an in-house ABLServe client portal.

Ownership category

akta.pro rank

Product category

Asset-Based Lending / Commercial Finance

NAICS

Other Nondepository Credit Intermediation (52229)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Asset-based lending
• Middle-market financing
• Commercial lending
• Revolving credit facility
• Healthcare ABL finance

Headquarters

HQ city

Stamford

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset-Based Lending Interest Income: Siena generates revenue primarily through interest income on revolving lines of credit and term loans secured by first lien on collateral (accounts receivable, inventory, equipment, real estate). As an asset-based lender, they assess collateral value to determine borrowing availability and charge interest on drawn amounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Siena Lending Group is an independent asset-based lender providing senior secured revolving lines of credit and term loans ranging from $10-100+ million to middle-market companies across the U.S. and Canada. Facilities are secured by first liens on collateral including accounts receivable, inventory, equipment, and real estate, supporting use cases such as working capital, acquisitions, growth financing, DIP financing, exit financing, seasonal needs, dividend recaps, and turnaround/restructuring scenarios.

Product overview

Siena Lending Group is an independent asset-based lender (ABL) serving middle-market companies across the U.S. and Canada since 2012. The company provides senior secured financing solutions ranging from $10-100+ million through revolving lines of credit and term loans secured by first liens on collateral. Their proprietary ABLServe client portal provides an online portal for borrowing base management and fund requests. The company also operates a specialized Siena Healthcare Finance division serving various healthcare sectors. Their typical transaction sizes range from $10-100M+ for general industries and $7-50M for healthcare, supporting companies with annual revenues of $30M-$1B.

Differentiator

Problem solved

Functional benefit

Products and services

• ABLServe™ Proprietary in-house client portal that simplifies borrowing base reporting, fund requests, and account access for clients; enables documentation uploads for borrowing base calculations and provides availability reports, monthly interest statements, and loan ledgers in one place, eliminating manual borrowing base calculations for clients.
• Siena Healthcare Finance Specialized asset-based lending division offering financing solutions tailored to healthcare sectors including post-acute care, hospitals, home health & hospice, pharmacies, infusion therapy, healthcare services, physician services, behavioral health, outsourced services, and medical device/technology companies, with typical transaction sizes of $7-50M.
• Revolving Lines of Credit Senior secured revolving credit facilities providing flexible working capital financing to middle-market companies, secured by accounts receivable, inventory, and other business assets. Advance rates reach up to 100% of eligible accounts receivable and up to 75% of qualified inventory.
• Term Loans Senior secured term loans providing structured financing solutions for acquisitions, capital expenditures, and strategic growth initiatives, often secured by fixed assets including machinery, equipment (up to 80% of appraised value), and real estate.
• DIP Financing (Debtor-in-Possession) Financing solutions designed to support companies undergoing bankruptcy proceedings, enabling continued operations during restructuring.
• Exit Financing

Quantifiable outcome

• Over $2 billion in facilities closed since 2012
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SLR Credit Solutions (formerly Crystal Financial): Direct middle-market ABL peer; Senior Managing Director Cheryl Carner previously executed $1.2B of ABL financings there. Offers asset-based and stretch-loan products to similar middle-market borrowers.
• Ares Commercial Finance: Direct ABL competitor participating in the same $350M SkyWater syndicated facility alongside Siena; originated through Ares Management's credit franchise. Targets overlapping middle-market borrowers.
• White Oak Commercial Finance: Independent ABL and asset-based lender serving middle-market borrowers with comparable $10-100M facility sizes, directly overlapping Siena's deal profile and customer base.
• Gordon Brothers (Asset-Based Lending): Specialty finance firm providing asset-based and inventory-secured loans to middle-market and retail-heavy borrowers; competes head-to-head for the same ABL mandates as Siena.
• Hilco Global: Direct ABL counterparty that served as Documentation/Collateral Monitoring Agent alongside Siena on the $130M Panavision facility; overlapping deal pipeline in specialty/asset-backed lending.
• Great Rock Capital: Middle-market ABL/specialty finance lender that participated as syndicate partner in the $350M SkyWater facility with Siena; targeted deal sizes and customer profiles closely overlap.

Broad incumbents

• Wells Fargo Capital Finance: Senior lender to Siena ($850M facility) and one of the largest U.S. ABL platforms; competes for the same middle-market ABL and senior-secured financing opportunities through its broader commercial banking franchise.
• CIT Group / First Citizens Bank (Asset-Based Lending): Historic ABL market leader (legacy CIT franchise now at First Citizens) where multiple Siena executives previously ran businesses; broader commercial finance platform overlapping Siena in middle-market ABL.
• Citizens Bank Asset-Based Lending: Bank-affiliated ABL group competing for middle-market asset-based loans, often as syndicated lenders alongside independents like Siena.
• PNC Business Credit: Bank-based ABL competitor focused on middle-market secured lending where Brendan Tully was previously an Analyst; broader commercial banking franchise overlapping Siena target borrowers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/siena-lending-group-llc
• Xx.com/sienalending

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siena Lending Group