Siena Lending Group announced the completion of a $5.3 million senior secured revolving credit facility for DiCicco Concrete Products, Great Lakes Underground Supply, LLC and Kieft Bros., Inc.  The credit facilities are being used to refinance existing credit facilities as well as to provide working capital.

Based in Chicago Heights, IL and Elmhurst, IL, DiCicco Concrete Products, Great Lakes Underground Supply, LLC and Kieft Bros., Inc. are engaged in the manufacturing and distribution of construction related products for the sewer, waste water and storm water industries.

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

Patrick Spriet, CEO and President, said, “Siena was able to understand our business model and demonstrated flexibility when developing a credit facility to best serve our operating companies.”

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.