Meet the borrowing needs of your customers by referring asset-based lending opportunities to Siena. The referring bank will receive a referral fee, while retaining the deposit and treasury management relationship. The referring bank can take back the loan once it becomes bankable, with no early termination fees due from the borrower.
Back Office Servicing and Support
Adding asset-based lending to a bank's product line strengthens and diversifies a bank's product offering but requires infrastructure and expertise, something which smaller banks cannot readily replicate. Banks who do not desire to build an ABL platform from scratch, can partner with Siena Lending Group's ABL Alliance team to provide collateral monitoring and back office support needed to do ABL.