Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $8,500,000 to Ice Air, LLC. The credit facilities will refinance the company’s existing debt as well as provide working capital to further expand and support the Company’s future projected growth.
Located in Mount Vernon, NY, Ice Air is a developer and manufacturer of a wide variety of HVAC equipment used in new construction and retrofit/replacement applications. Established in 2003, the Company works directly with general contractors, property developers and wholesale distributors of HVAC equipment to get their products out to end users.