Siena Lending Group LLC (Siena) announced the completion of a three-year $3 million senior secured revolving credit facility for Trigger Point Performance, Inc. (Trigger Point). The facility will be used for working capital needs as Trigger Point continues on its strong path of growth to include new product development and increased distribution.
Headquartered in Austin, TX, Trigger Point Performance designs, develops, and distributes high quality self-care preventative, treatment and self-massage soft tissue therapy products. The products are used extensively in fitness and physical therapy centers throughout the United States and across the globe.
David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Trigger Point with the capital that they will need in order to execute on their growth plans.”
Cassidy Phillips, Founder and CEO of Trigger Point and former IRONMAN triathlete, said, “When it comes to growth capital, having the right partner is imperative. Siena has been extremely helpful, easy to work with and understands the opportunity that Trigger Point has around the world. We are very happy with the partnership and look forward to our future together.”
Trigger Point Performance is a life-enhancing brand concentrating on empowering people with revolutionary methodologies and patented products that maintain, regulate and stimulate the muscular movement of the human body.
Siena Lending Group is an independent commercial finance company offering asset based loans between $1 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.
Siena’s independence as a finance company allows innovative and flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has over 170 years of combined experience and has transacted over $12 billion in facilities.