Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $19,800,000 to Air Industries Group (“Air” or the “Company”). The credit facilities will provide working capital and support for the company’s future growth.
Founded in 1979, Air is a manufacturer of aerospace components including landing gear, flight control and jet engine components for commercial aircraft and defense.
This transaction was originated by Sharon Bender, a Managing Director located in Sterling’s New Jersey office.
*now known as Webster Bank as successor by merger.
Senior Secured Credit Facilities
$19,800,000
Webster 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*. Learn more about Asset-Based Lending.
*Statements are not a commitment to lend and are subject to specific borrower qualifications as well as underwriting.
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