Siena Lending Group
Asset-based revolvers and term loans of $20M to $250M+ for middle-market firms, up to 100% of eligible receivables. Closes in 30 to 60 days; pricing quoted per deal. DIP and exit loans too.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Middle-market companies with $30 million+ in revenue ($25 million in healthcare) and sizable receivables, inventory or equipment that need a $20 million+ revolver, including for buyouts, turnarounds, Chapter 11 (DIP) or exit financing.
Not for: Small businesses, startups without collateral, or anyone needing money in days or a posted rate. Facilities start around $7 million, closing takes 30 to 60 days, and pricing is quoted per deal.
Lender List verdict: Siena Lending Group is an established non-bank asset-based lender that will lend against collateral a bank may discount, including into restructurings. It suits asset-rich, cash-flow-light companies; expect weeks of collateral underwriting and a price you only learn from a term sheet.
Siena Lending Group at a glance
Siena Lending Group is a Stamford, Connecticut, senior secured lender writing asset-based facilities of $20 million to $250 million+ for U.S. and Canadian middle-market companies.
| Siena Lending Group | |
|---|---|
| Lender type | Non-bank asset-based lender (direct, senior secured) |
| Founded | 2012 |
| HQ | Stamford, CT |
| Parent/owner | Franklin BSP Capital Corporation (Benefit Street Partners / Franklin Resources) |
| Products | ABL revolvers, term loans, working capital loans, DIP and exit financing |
| Amounts | $20 million to $250 million+ ($7 million to $50 million in healthcare) |
| Cost (headline) | Lender does not publish pricing; advance rates up to 100% of eligible receivables |
| Term | Lender does not publish (a 2025 Canadian deal ran five years) |
| Funding speed | Typically 30 to 60 days to close |
| Status | Active; facilities closed as recently as October 21, 2026 |
What is Siena Lending Group?
Siena Lending Group is a direct asset-based lender, founded in 2012, that provides first-lien revolving credit and term loans to middle-market businesses in the United States and Canada. A Benefit Street Partners affiliate took a controlling stake in February 2019; today Siena is a portfolio company of Franklin BSP Capital Corporation, within the Franklin Resources group.
Siena cites more than $2 billion in facilities closed since launch; the Secured Finance Network (SFNet) reported over $1 billion closed in 2025, in deals of $20 million to $350 million. Besides Stamford, it has originators in Boston, Chicago, Los Angeles, New York and Toronto.
How the Siena Lending Group asset-based facility works
A Siena Lending Group facility is a revolving line, sometimes paired with a term loan, whose availability is set by a borrowing base of your eligible collateral, secured by a first lien.
- Collateral: receivables, inventory, machinery and equipment, real estate and intangibles such as IP; healthcare borrowers can pledge Medicare, Medicaid and managed-care receivables.
- Uses: working capital, buyouts, growth, seasonal peaks, dividend recaps, turnarounds, DIP loans in Chapter 11 and exit financing.
- Timeline: closing usually takes 30 to 60 days.
Who Siena Lending Group lends to
Siena Lending Group splits its lending into general industry, at $20 million to $250 million+ for companies with $30 million to $1 billion in revenue, and healthcare, at $7 million to $50 million for companies with $25 million to $500 million in revenue.
General industry, from distribution and manufacturing to food and beverage, covers the U.S. and Canada; healthcare, from hospitals to home health and pharmacies, is U.S.-only. Recent 2026 deals announced on its site ranged from $20 million (an organic beverage maker) to $105 million (a frozen-food processor).
Siena Lending Group rates, fees and advance rates
Siena Lending Group does not publish interest rates, fees, covenants or maturities; pricing comes in a term sheet, and advance rates reach 100% of eligible receivables, 75% of inventory and 80% of appraised equipment value.
Worked example: a distributor with $40 million of eligible receivables, $25 million of eligible inventory and equipment appraised at $10 million could borrow up to $40 million against receivables (100%), $18.75 million against inventory (75%) and $8 million against equipment (80%), a ceiling of $66.75 million. If eligible receivables fall to $30 million in a slow season, availability drops by $10 million to $56.75 million. Those are maximum rates; actual advances depend on collateral quality.
How the borrowing base works
The Siena Lending Group borrowing base moves with your receivables and inventory.
- Siena values your receivables, inventory and equipment before closing.
- You report eligible collateral and draw up to the resulting availability.
- Customer payments reduce the balance; new invoices restore availability.
Siena Lending Group requirements
Siena Lending Group lends to companies with $30 million or more in revenue ($25 million in healthcare) and detailed financial statements.
| Requirement | Siena Lending Group minimum |
|---|---|
| Personal credit score | No score floor published; "acceptable credit history" |
| Time in business | Lender does not publish; younger companies considered |
| Annual revenue | $30 million general / $25 million healthcare (FAQ: $50 million) |
| Financial reporting | Detailed financial statements |
| Facility size | $20 million to $250 million+ ($7 million to $50 million in healthcare) |
| Collateral / guarantee | First lien on assets; personal guarantee not published |
Siena weighs collateral quality above credit scores, which is how it can finance loss-making or restructuring companies.
Pros and cons
Siena Lending Group offers large facilities and DIP lending but has a high size floor and no published pricing.
Pros
- Advance rates up to 100% of eligible receivables
- Lends during Chapter 11 and on exit
- Healthcare program lends against Medicare and Medicaid receivables
- Covers Canada as well as the U.S.
- Owned by Franklin BSP Capital Corporation (Franklin Resources group); over $1 billion closed in 2025
Cons
- Not for small businesses: deals start around $7 million and usually $20 million
- No interest rate, fee or covenant information published
- 30-to-60-day close
- Healthcare program is U.S.-only
Siena Lending Group alternatives on Lender List
Companies below Siena Lending Group's $20 million facility floor can look at factoring or purchase-order funding.
- Star Funding — factoring at 1% to 3% per 30 days plus PO funding
- Liquid Capital — factoring from $20,000
- King Trade Capital — purchase-order finance often repaid by an ABL lender
- Browse all asset-based lenders or invoice factoring on Lender List
Frequently asked questions about Siena Lending Group
Siena Lending Group is an active Stamford-based ABL lender, founded in 2012, that writes facilities of $20 million to $250 million+.
Is Siena Lending Group Legit? Yes. Siena Lending Group has lent since 2012, is a portfolio company of Franklin BSP Capital Corporation (Benefit Street Partners / Franklin Resources), and closed over $1 billion of facilities in 2025 per SFNet. No regulatory actions against Siena turned up in a 2026-10-26 search, and consumer review sites do not rate it.
Who Owns Siena Lending Group? Franklin BSP Capital Corporation holds Siena Lending Group as a portfolio company; it is affiliated with Benefit Street Partners, a wholly owned Franklin Resources subsidiary. A Benefit Street affiliate bought control from Solaia Capital Advisors in February 2019. Siena serves middle-market borrowers in the U.S. and Canada from Stamford, Connecticut.
How Much Can You Borrow From Siena Lending Group? Typically $20 million to $250 million+ for general-industry companies and $7 million to $50 million in healthcare. Availability equals your borrowing base: up to 100% of eligible receivables, 75% of inventory and 80% of appraised equipment value. SFNet reported 2025 deals of up to $350 million.
What Are Siena Lending Group's Requirements? Siena Lending Group looks for about $30 million in annual revenue ($25 million in healthcare, though its FAQ says $50 million), detailed financial statements, acceptable credit history and good-quality collateral. Collateral counts for more than credit scores, so loss-making or restructuring companies can still qualify.
How Long Does Siena Lending Group Take to Close? Usually 30 to 60 days, according to Siena, depending on how complex the deal is. Initial inquiries get a reply within 24 business hours, but appraising inventory and equipment and reviewing receivables takes weeks, so it is not a source of emergency cash.
Does Siena Lending Group Lend in Canada? Yes. Siena Lending Group's general-industry program covers both the U.S. and Canada, and it has a Toronto-based originator; in January 2025 it closed a C$30 million, five-year facility for GSC Technologies. Its healthcare program, by contrast, is limited to U.S. borrowers.
Does Siena Lending Group Offer DIP Financing? Yes. Siena Lending Group lists debtor-in-possession loans for companies in Chapter 11 and exit financing to refinance out of bankruptcy, alongside turnaround and restructuring facilities. Like its other loans, these are sized from a borrowing base of receivables, inventory and other assets.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Middle-market companies with $30 million+ in revenue ($25 million in healthcare) and sizable receivables, inventory or equipment that need a $20 million+ revolver, including for buyouts, turnarounds, Chapter 11 (DIP) or exit financing.
Not for: Small businesses, startups without collateral, or anyone needing money in days or a posted rate. Facilities start around $7 million, closing takes 30 to 60 days, and pricing is quoted per deal.
Lender List verdict: Siena Lending Group is an established non-bank asset-based lender that will lend against collateral a bank may discount, including into restructurings. It suits asset-rich, cash-flow-light companies; expect weeks of collateral underwriting and a price you only learn from a term sheet.
Siena Lending Group at a glance
Siena Lending Group is a Stamford, Connecticut, senior secured lender writing asset-based facilities of $20 million to $250 million+ for U.S. and Canadian middle-market companies.
| Siena Lending Group | |
|---|---|
| Lender type | Non-bank asset-based lender (direct, senior secured) |
| Founded | 2012 |
| HQ | Stamford, CT |
| Parent/owner | Franklin BSP Capital Corporation (Benefit Street Partners / Franklin Resources) |
| Products | ABL revolvers, term loans, working capital loans, DIP and exit financing |
| Amounts | $20 million to $250 million+ ($7 million to $50 million in healthcare) |
| Cost (headline) | Lender does not publish pricing; advance rates up to 100% of eligible receivables |
| Term | Lender does not publish (a 2025 Canadian deal ran five years) |
| Funding speed | Typically 30 to 60 days to close |
| Status | Active; facilities closed as recently as October 21, 2026 |
What is Siena Lending Group?
Siena Lending Group is a direct asset-based lender, founded in 2012, that provides first-lien revolving credit and term loans to middle-market businesses in the United States and Canada. A Benefit Street Partners affiliate took a controlling stake in February 2019; today Siena is a portfolio company of Franklin BSP Capital Corporation, within the Franklin Resources group.
Siena cites more than $2 billion in facilities closed since launch; the Secured Finance Network (SFNet) reported over $1 billion closed in 2025, in deals of $20 million to $350 million. Besides Stamford, it has originators in Boston, Chicago, Los Angeles, New York and Toronto.
How the Siena Lending Group asset-based facility works
A Siena Lending Group facility is a revolving line, sometimes paired with a term loan, whose availability is set by a borrowing base of your eligible collateral, secured by a first lien.
- Collateral: receivables, inventory, machinery and equipment, real estate and intangibles such as IP; healthcare borrowers can pledge Medicare, Medicaid and managed-care receivables.
- Uses: working capital, buyouts, growth, seasonal peaks, dividend recaps, turnarounds, DIP loans in Chapter 11 and exit financing.
- Timeline: closing usually takes 30 to 60 days.
Who Siena Lending Group lends to
Siena Lending Group splits its lending into general industry, at $20 million to $250 million+ for companies with $30 million to $1 billion in revenue, and healthcare, at $7 million to $50 million for companies with $25 million to $500 million in revenue.
General industry, from distribution and manufacturing to food and beverage, covers the U.S. and Canada; healthcare, from hospitals to home health and pharmacies, is U.S.-only. Recent 2026 deals announced on its site ranged from $20 million (an organic beverage maker) to $105 million (a frozen-food processor).
Siena Lending Group rates, fees and advance rates
Siena Lending Group does not publish interest rates, fees, covenants or maturities; pricing comes in a term sheet, and advance rates reach 100% of eligible receivables, 75% of inventory and 80% of appraised equipment value.
Worked example: a distributor with $40 million of eligible receivables, $25 million of eligible inventory and equipment appraised at $10 million could borrow up to $40 million against receivables (100%), $18.75 million against inventory (75%) and $8 million against equipment (80%), a ceiling of $66.75 million. If eligible receivables fall to $30 million in a slow season, availability drops by $10 million to $56.75 million. Those are maximum rates; actual advances depend on collateral quality.
How the borrowing base works
The Siena Lending Group borrowing base moves with your receivables and inventory.
- Siena values your receivables, inventory and equipment before closing.
- You report eligible collateral and draw up to the resulting availability.
- Customer payments reduce the balance; new invoices restore availability.
Siena Lending Group requirements
Siena Lending Group lends to companies with $30 million or more in revenue ($25 million in healthcare) and detailed financial statements.
| Requirement | Siena Lending Group minimum |
|---|---|
| Personal credit score | No score floor published; "acceptable credit history" |
| Time in business | Lender does not publish; younger companies considered |
| Annual revenue | $30 million general / $25 million healthcare (FAQ: $50 million) |
| Financial reporting | Detailed financial statements |
| Facility size | $20 million to $250 million+ ($7 million to $50 million in healthcare) |
| Collateral / guarantee | First lien on assets; personal guarantee not published |
Siena weighs collateral quality above credit scores, which is how it can finance loss-making or restructuring companies.
Pros and cons
Siena Lending Group offers large facilities and DIP lending but has a high size floor and no published pricing.
Pros
- Advance rates up to 100% of eligible receivables
- Lends during Chapter 11 and on exit
- Healthcare program lends against Medicare and Medicaid receivables
- Covers Canada as well as the U.S.
- Owned by Franklin BSP Capital Corporation (Franklin Resources group); over $1 billion closed in 2025
Cons
- Not for small businesses: deals start around $7 million and usually $20 million
- No interest rate, fee or covenant information published
- 30-to-60-day close
- Healthcare program is U.S.-only
Siena Lending Group alternatives on Lender List
Companies below Siena Lending Group's $20 million facility floor can look at factoring or purchase-order funding.
- Star Funding — factoring at 1% to 3% per 30 days plus PO funding
- Liquid Capital — factoring from $20,000
- King Trade Capital — purchase-order finance often repaid by an ABL lender
- Browse all asset-based lenders or invoice factoring on Lender List
Frequently asked questions about Siena Lending Group
Siena Lending Group is an active Stamford-based ABL lender, founded in 2012, that writes facilities of $20 million to $250 million+.
Is Siena Lending Group Legit? Yes. Siena Lending Group has lent since 2012, is a portfolio company of Franklin BSP Capital Corporation (Benefit Street Partners / Franklin Resources), and closed over $1 billion of facilities in 2025 per SFNet. No regulatory actions against Siena turned up in a 2026-10-26 search, and consumer review sites do not rate it.
Who Owns Siena Lending Group? Franklin BSP Capital Corporation holds Siena Lending Group as a portfolio company; it is affiliated with Benefit Street Partners, a wholly owned Franklin Resources subsidiary. A Benefit Street affiliate bought control from Solaia Capital Advisors in February 2019. Siena serves middle-market borrowers in the U.S. and Canada from Stamford, Connecticut.
How Much Can You Borrow From Siena Lending Group? Typically $20 million to $250 million+ for general-industry companies and $7 million to $50 million in healthcare. Availability equals your borrowing base: up to 100% of eligible receivables, 75% of inventory and 80% of appraised equipment value. SFNet reported 2025 deals of up to $350 million.
What Are Siena Lending Group's Requirements? Siena Lending Group looks for about $30 million in annual revenue ($25 million in healthcare, though its FAQ says $50 million), detailed financial statements, acceptable credit history and good-quality collateral. Collateral counts for more than credit scores, so loss-making or restructuring companies can still qualify.
How Long Does Siena Lending Group Take to Close? Usually 30 to 60 days, according to Siena, depending on how complex the deal is. Initial inquiries get a reply within 24 business hours, but appraising inventory and equipment and reviewing receivables takes weeks, so it is not a source of emergency cash.
Does Siena Lending Group Lend in Canada? Yes. Siena Lending Group's general-industry program covers both the U.S. and Canada, and it has a Toronto-based originator; in January 2025 it closed a C$30 million, five-year facility for GSC Technologies. Its healthcare program, by contrast, is limited to U.S. borrowers.
Does Siena Lending Group Offer DIP Financing? Yes. Siena Lending Group lists debtor-in-possession loans for companies in Chapter 11 and exit financing to refinance out of bankruptcy, alongside turnaround and restructuring facilities. Like its other loans, these are sized from a borrowing base of receivables, inventory and other assets.
Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Related listings
Saratoga Springs, NY private credit advisory arranging $50K–$20M working capital: lines of credit, term loans, ABL, equi...
SBA Preferred Lender bank: SBA 7(a) up to $5M plus SBA 504, 8.0% median fixed rate (last 12 months), collateral required...
SBA Preferred Lender in ME and NH: SBA 7(a) and Express up to $1.75M, 7.75% median rate (last 12 months), collateral req...
Louisville SBA Preferred Lender: 7(a) and 504 loans up to $5M, Express to $500K, 7.75% median starting rate, startups OK...
SBA Preferred Lender for MN, WI and ND owners: 7(a), 504, Express and CAPLine to $5M, median 9.25% variable, ~10-yr term...
SBA Preferred Lender in Wichita, KS: SBA 7(a) and Express loans $10,000 to $5M for KS, NE and MO businesses, 7.38% media...