Siena Lending Group announced an increase and extension to its senior credit facility with Wells Fargo Capital Finance to $850 million. The amendment also includes an accordion of $100 million. Siena is a leading independent asset-based lending business, supporting middle market companies with credit facility requirements of $10-$100MM. Siena operates nationwide throughout the U.S. and Canada.

“We greatly appreciate the continued support from Wells Fargo and the 14-bank syndicate,” said Scott Elliotto, President. “This increase provides additional capital to serve the unique needs of our middle market borrowers, and the ongoing growth and success of our business.”

Stewart Hayes, Managing Director at Wells Fargo Capital Finance shared, “We value our 11-year relationship with Siena, and are pleased to support them with the capital they need as they continue to grow."