Sterling National Bank's Asset-Based Lending Group provided senior secured credit facilities totaling $30,000,000 to a nationwide financing solutions firm. The transaction was originated by Jan Hanssen, a Managing Director located in Sterling's Los Angeles, CA office.
Sterling National Bank provides asset based loans to mid-sized companies operating across a wide range of industries. Sterling's Asset Based Lending Group offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, employing funds from $5 million to $40 million.