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Sterling National Bank’s Equipment Finance Group provided a Discretionary Line of Credit totaling $5 million to Blair Leasing and Finance, LLC. (“BLF”). The credit facilities will be used for the purchase of tractors.
Headquartered in Birmingham, AL, BLF is a leasing company that offers a lease purchase program to owner/operators who want the ability to purchase used tractors through the company. BLF is a wholly owned subsidiary of PS Holdco, LLC. d/b/a PS Logistics.
This transaction was originated by Cheryl Cohen, a Managing Director located in Asheville, NC.
*now known as Webster Bank as successor by merger.
Discretionary Line of Credit
$5,000,000
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