Sterling National Bank* Provides $2,000,000 of Secured Credit Facilities to HMD

Sterling National Bank’s Equipment Finance Group provided a senior secured credit facility totaling $2,000,000 to HMD, LLC. The credit facility will be utilized by the company to purchase necessary equipment. Located in Indiana and founded in 2017, HMD is an open-air flatbed freight transporter of construction materials and equipment as well as various specialized goods.

This transaction was originated by Cheryl Cohen, a Managing Director located in Asheville, NC.

*now known as Webster Bank as successor by merger.