Siena Lending Group LLC (“Siena”) announces the closing of an $8.0 million credit facility for Deco Enterprises, Inc., dba Deco Lighting (“Deco”). The financing was completed in four weeks. The credit facility provides additional working capital to support Deco’s growth.
Headquartered in Commerce, CA, Deco is a leading manufacturer in the lighting industry focusing on the latest green technology, energy saving lighting and controls. The Company’s products, including architectural and commercial LED fixtures, outdoor luminaires, lighting controls and custom fixtures, have existed for over a decade and are sold to commercial, municipal, military and government customers throughout the United States and worldwide.
Sam Sinai, CEO of Deco Enterprises, Inc., said, “Siena demonstrated flexibility and speed through the process in delivering on what they promised. The new financing allows us to take advantage of immediate business opportunities and grow Deco’s business. We value Siena’s lending capabilities and look forward to the mutual benefits the relationship will bring as we take advantage of future growth opportunities.”
Mark Orlando, Western Region Director of Siena Lending Group, said, “We are pleased to have been able to deliver a flexible credit facility to Deco that provides additional liquidity to support their immediate needs and future growth initiatives. Our team at Siena worked well with Deco’s management to meet their timeline and complete the financing in less than one month. We are impressed with Sam and the entire Deco organization, and look forward to supporting their business to achieve its goals well into the future.”