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Meet Our Team

Siena Lending Group is a diverse team of experienced asset-based lending (ABL) professionals. Our team members are recognized authorities on commercial finance, frequently honored by industry associations for their excellence.

David Grende

David Grende

Chief Executive Officer

David Grende

David Grende

Chief Executive Officer

David is a specialized lending executive with more than 30 years of experience building and running asset-based lending businesses, executing debt restructurings, taking on interim management roles, and completing complex asset workouts and recoveries.

Prior to co-founding Siena, David was Chief Executive Officer of Burdale Capital Finance (BCF), a wholly owned asset-based lending subsidiary of Bank of Ireland, which provided transatlantic financing solutions to a $1.7 billion portfolio of clients. In 2006, David was hired to start BCF as a de novo ABL U.S. business and built it into a widely recognized brand. BCF was sold to Wells Fargo in 2012 as part of the bank’s deleveraging, necessitated by the IMF’s bailout of Ireland in 2010.

Before starting BCF, David was a Managing Director in the Corporate Advisory Services practice at Huron Consulting Group, where he led a Huron team in successfully launching Delta Air Lines, Inc. into a seamless bankruptcy proceeding, and also managed restructuring teams at ATA Airlines and Air Jamaica. In addition, David served in an interim management role for Comdisco Ventures. He successfully managed the runoff of a $1.5 billion lease, subordinated loan and private equity venture capital portfolio, where his team exceeded the business plan he created from both return and timeline perspectives.

Prior to Huron, David was Chief Operating Officer at a Bank of America Commercial Finance subsidiary, which he also started as a de novo asset-based finance business. David started his career at the CIT GroupCredit Finance, where he was promoted six times—finally becoming EVP/Chief Operating Officer in charge of three regions and 185 employees.

David earned a Bachelor of Science in Economics from City College of New York and became a Certified Insolvency & Restructuring Advisor (CIRA) in 2004. He has served as President of the Secured Finance Network (formerly the Commercial Finance Association).

Scott Elliotto

Scott Elliotto

President

Scott Elliotto

Scott Elliotto

President

Scott is a founding member and President of Siena Lending Group. Scott has over 28 years of experience in the commercial finance industry, including 17 years with Burdale Capital Finance and Siena. Most recently, Scott was the Chief Executive Officer of Siena Healthcare Finance, a specialized division of Siena, dedicated exclusively to providing financing within the healthcare sector. He previously served as the Senior Managing Director of Originations for Siena.

Prior to Siena, Scott was the Director of Originations at Burdale Capital Finance, a wholly owned asset-based lending subsidiary of Bank of Ireland. He joined Burdale Capital Finance in 2007 to build out the originations platform for the de novo business. Before joining Burdale Capital Finance, Scott spent over 5 years as an originator for GE Capital. Scott started his career at Congress Financial in 1996 and spent more than 5 years there as a field examiner and underwriter. In addition, Scott has served in underwriting roles at CIT Business Credit and Fleet Capital.

Scott earned a Bachelor of Science in Business Administration & Economics from the State University of New York Brockport. Most recently, he completed the Center for Creative Leadership “Leadership at the Peak” program.

Steve Sanicola

Steve Sanicola

Chief Risk Officer

Steve Sanicola

Steve Sanicola

Chief Risk Officer

Steve has more than 32 years of commercial finance experience, specifically in underwriting, risk management and portfolio management. Prior to Siena, Steve was Director and Head of Portfolio Management at Burdale. Steve’s ABL background includes various credit roles at GE Capital and Fleet Bank/Connecticut Bank & Trust.


Miin Chen

Chief Operating Officer

Miin Chen

Chief Operating Officer

Miin has 10 years of experience in accounting, audit, operations and treasury management. Prior to Siena, Miin was a direct report to the Controller at Burdale and has worked as an auditor at both PricewaterhouseCoopers and JH Cohn (CohnReznick). Miin is a CPA in the state of New Jersey and holds a Masters in Accounting from Boston College.

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