Siena Lending Group announced the completion of a three year, $5 million senior secured revolving credit facility for Vibrant Health. The facility will be used for working capital needs as Vibrant Health continues on its strong path of growth.
Headquartered in Canaan, CT, Vibrant Health is a developer and distributor of nutritional food supplements for general health and wellness for men, women and children. Vibrant’s products are sold in many retail locations as well as over the internet.
David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Vibrant Health with the capital that they will need in order to continue to execute on their growth plans.”
Ted and Paige Parker, President and the COO of Vibrant, said, “We are very pleased to have a partner in Siena to help us achieve our growth goals. Siena’s execution in closing the transaction was second to none.”
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.
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, on average, over 20 years each of experience and has transacted over $12 billion in facilities.