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Sterling National Bank Closes $9MM Working Capital Facility for NorCal Lumber

March 11, 2020, 09:00 AM
Filed Under: Distribution

Sterling National Bank's Asset-Based Lending Group provided senior secured credit facilities totaling $9,000,000 to NorCal Lumber Company, Inc. The credit facilities will be used to provide working capital to support the Company's future projected growth.

Founded in 1987, and headquartered in Marysville, CA, NorCal cuts, assembles and distributes dimensional lumber, engineered wood and related framing materials. This transaction was originated by Sharon Bender, a Managing Director located in Sterling's New Jersey office.

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