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  Sterling National Bank
500 Seventh Avenue
New York, NY 10018
212-575-4410

www.SterlingNationalBank.com
Contact Information
contact
Robert Schnitzer
Director of Business Development
Asset Based Lending
212-575-4446
robert.schnitzer@sterlingnationalbank.com




I. General Information

Type of Business: Commercial Bank Offering; Asset-Based Lending, Factoring, Leasing, Commercial and Real Estate Lending.

In Business Since: 1929

Description:

STERLING ASSET BASED LENDING

The veteran professionals in our Asset Based Lending Division have the breadth of knowledge and the banking service products to respond to a broad range of our clients' needs. More critically, we have the depth of insight that only years of business experience can build. At Sterling, you can talk directly to our senior management who always have the interest and patience to listen, you won't be redirected to their assistants or voicemail.

Whether you're a start up business or already a $50 million enterprise in manufacturing, wholesaling, distribution, high-tech or service, it's easy to find yourself growing at a faster rate than your available capital can support. Because, the big banks focus on balance sheets and conventional financial ratios, they are not the answer. Nor are the equity markets which show little interest in new or small businesses with promise but limited resources. And, many independent-minded entrepreneurs findpartnership with venture capitalists an unappealing option. Sterling can provide a good alternativewith many advantages over traditional bank loans - Asset Based Lending.

Asset Based Lending permits growing and dynamic businesses to leverage the value of their currentand fixed assets thus securing fresh working capital. Capital that can be used to finance expansionand special opportunities. It's a way to put those assets to work every day, growing your business.Sterling also offers Asset Based Lending to Debtors-in-Possession by helping them to reorganizetheir business and keep valuable assets "on the job".

Since loans are on a revolving basis, we don't impose arbitrary terms of 60 or 90 days, or even ayear. There are no annual clean-ups, the facility is truly revolving. At Sterling, all your borrowing isworking for you all the time.


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