Sterling National Bank’s Commercial Services Group provided a Recourse Factoring facility to CTL Medical Corporation. The credit facilities will be used to pay off current debt and provide working capital.
Headquartered in Addison, TX, CTL Medical is a medical device company that designs, develops, and manufactures spinal implants and instruments.
*now known as Webster Bank as successor by merger.
Recourse Factoring Facility
Undisclosed
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