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Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $9,000,000 to NorCal Lumber Company, Inc. (“NorCal” or the “Company”). The credit facilities will be used to provide working capital to support the Company’s future projected growth.
Founded in 1987, and headquartered in Marysville, CA, NorCal cuts, assembles and distributes dimensional lumber, engineered wood and related framing materials.
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
$9,000,000
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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