Sterling National Bank* Provides $19,800,000 of Senior Secured Financing to Air Industries Group

Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $19,800,000 to Air Industries Group (“Air” or the “Company”). The credit facilities will provide working capital and support for the company’s future growth.

Founded in 1979, Air is a manufacturer of aerospace components including landing gear, flight control and jet engine components for commercial aircraft and defense.

This transaction was originated by Sharon Bender, a Managing Director located in Sterling’s New Jersey office.

*now known as Webster Bank as successor by merger.