Sterling National Bank* Provides $22,500,000 in Senior Secured Credit Facilities To Eran Industrial

Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $22,500,000 to Eran Financial Services, LLC., dba Eran Industrial. The credit facilities will provide refinancing of existing debt as well as working capital for the company’s anticipated growth.

Founded in 2007 and headquartered in Boca Raton, FL, Eran sells and distributes standard, OEM and custom-designed lighting fixtures and components to both industrial and commercial customers located in the US and Canada. With vertical integration supporting its supply chain and distribution throughout North America, the Company is well positioned to capitalize on their competitive strengths in the lighting industry.

This transaction was originated by John Rossi, a Managing Director located in Sterling’s Boston, MA office.

*now known as Webster Bank as successor by merger.