Sterling National Bank’s franchise finance group provided an $875,000 term loan to The Bakersfield Wing Company, a five-unit Wingstop franchisee in Bakersfield, CA.
Sterling National Bank’s franchise finance group provided a development line of credit totaling $1.1 million to Scordia Restaurant Group and Lepsco, a combined four-unit Burger King franchisee in Ohio, which will use the credit facilities to support the remodel of two existing units.
Sterling National Bank’s franchise finance group provided senior secured credit facilities totaling $1.45 million to M.A.C. Pizza Company, a Domino’s Pizza franchise.
Sterling National Bank’s franchise finance group provided senior secured credit facilities totaling $3.15 million to 313 Investments, a franchisee of Jersey Mike’s.
Sterling National Bank’s franchise finance group provided a development line of credit totaling $1.5 million to Sub in the Sun, a franchisee of Jersey Mike’s. The credit facilities will be used by the company to create four new locations.
Sterling National Bank’s franchise finance group provided senior secured credit facilities totaling $1.7 million to a New Jersey-based Popeyes Franchisee.
Sterling National Bank’s franchise finance group provided senior secured credit facilities totaling $3.4 million to M.A.C. Pizza Company, a Domino’s Pizza franchise.
Lindy Baldwin joined Sterling National Bank as managing director of Franchise Finance and vice president.