Sterling National Bank’s commercial services group provided senior secured credit facilities totaling $3 million to Right Sized Solutions. The credit facilities will provide working capital to further expand and support Right Sized Solutions’ future projected payroll and growth.
Sterling National Bank’s commercial services group provided senior secured credit facilities totaling $3.5 million to Dr. Earth. The credit facilities will provide working capital to further expand and support the company’s future projected growth.
Bank of America arranged a new five-year amended and restated credit agreement for Titan Machinery. The credit agreement provides for an aggregate $250 million financing commitment.
Air Industries Group entered into a new three-year, $19.8 million credit facility, consisting of a $16 million revolving credit line, and a $3.8 million term loan with Sterling National Bank.
Lincoln Educational Services executed a new credit agreement with its current lender, Sterling National Bank, comprised of four separate facilities providing in the aggregate $60 million.
Sterling National Bank financed a secured credit facility for a provider of software management solutions for the ground transportation industry.
Sterling Bancorp, through its principal subsidiary, Sterling National Bank, agreed to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank.