Sterling Launches Healthcare Finance Unit, Appoints Head of ABL
Sterling National Bank established a commercial banking team dedicated to healthcare finance and hired Dan Chapa, Steven Goldsmith and Carl Scmitt to lead the new team.
Sterling National Bank established a commercial banking team dedicated to healthcare finance and hired Dan Chapa, Steven Goldsmith and Carl Scmitt to lead the new team.
Sterling National Bank announced the addition of Marc Weiss to one of its commercial banking teams as managing director.
Sterling National Bank announced that Mignon Winston and Mark Long have joined the bank’s Asset Based Lending division, each as first vice president and portfolio manager.
Sterling National Bank appointed Thomas X. Geisel as EVP and president of Specialty Finance, responsible for ABL and equipment finance.
Sterling National Bank added two senior relationship managers serving the New York Metro market.
CardCash.com secured $6 million in debt financing from Sterling National Bank. The funding will be used to finance CardCash.com’s inventory of gift cards, currently the largest in the growing secondary market.
Salus Capital announced it agented a $49 million senior secured DIP facility to Kid Brands. Sterling National Bank is a participating lender in the DIP facility.
Sterling National Bank announced seven new additions to its relationship banking teams as part of its ongoing effort to invest in high-growth areas and deliver a broad range of financial products and services to its clients.
Kid Brands said it plans to pursue a sale of the company that will be facilitated through a Chapter 11 filing. Existing lenders Salus Capital and Sterling National Bank has committed to provide $49 million in DIP financing.
According to a Sterling National Bank survey, New York health care companies looking to expand are frustrated with current options for raising capital