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e‑Treasury

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Business Online Banking

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Sterling National Bank* Provides $7,500,000 Credit Facility to a Nationwide Wholesaler

May 5, 2020

Sterling National Bank’s Commercial Services Group provided senior secured credit facilities totaling $7,500,000 to a nationwide wholesaler of branded and private label consumer goods.

The transaction was originated by Neil Wolfe, a Portfolio Manager located in one of Sterling’s New York offices.

*now known as Webster Bank as successor by merger.

Nationwide Wholesaler

Senior Secured Credit Facilities
$7,500,000

Provided by:

Sterling National Bank

Sterling’s Commercial Services Group provides formula-based financing and back office solutions to support and fuel the growth of small to mid-sized companies across multiple industries. The Commercial Services Group employs funds from $500,000 to $40 million to provide creative financing solutions by leveraging a variety of tangible assets to support your financing and expansion needs*. Learn more about Commercial Services.

*Statements are not a commitment to lend and are subject to specific borrower qualifications as well as underwriting.