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Sterling National Bank Provides $2.5MM Recourse Factoring Facility to Web Packaging Solutions

January 06, 2022, 07:00 AM
Filed Under: Packaging

Sterling National Bank's Commercial Services Group provided a recourse factoring facility of $2,500,000 to Web Packaging Solutions, LLC.

The credit facility will provide working capital for the company’s anticipated future growth.

Web Packaging Solutions was established in June 2021 and is an affiliate of Web Plastics Company LLC, which is headquartered in Houston, TX and operates as an importer & wholesaler of flexible packaging products used across a wide variety of business types.

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