Sterling National Bank* Provides $25,000,000 Senior Secured Credit Facility

Sterling National Bank’s Asset Based Lending Group provided a senior secured credit facility totaling $25,000,000 to a technology driven freight logistics company.

The credit facility is to provide working capital for the company’s ongoing operations while supporting projected growth.

This transaction was originated by Ken Frank, Managing Director, who originates Sterling’s Asset Based Lending business in the mid-Atlantic region.

*now known as Webster Bank as successor by merger.