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Saffioti Joins Sterling’s Asset Based Lending Team

October 21, 2021, 07:52 AM

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that John R. Saffioti, Jr has joined the bank’s Capital Finance division as Underwriter, Asset Based Lending. He will report to Dave Viggiano, ABL Business Leader, Capital Finance at Sterling.

Based in Paramus, NJ, Saffioti will be responsible for underwriting / structuring Asset Based credit facilities for both new and existing clients. Most recently Saffioti was a Senior Underwriter, VP for Santander Bank's Specialty Lending Unit. Saffioti has over 20 years of commercial lending experience analyzing, monitoring, and structuring commercial loans for borrowers which operate in a variety of industries.

Sterling National Bank provides asset-based loans to mid-sized companies operating across a wide range of industries. Sterling offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, employing funds from $5 million to $50 million.

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