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Sterling National Bank* Provides Recourse Factoring Facility to CTL Medical

July 21, 2021

Sterling National Bank’s Commercial Services Group provided a Recourse Factoring facility to CTL Medical Corporation. The credit facilities will be used to pay off current debt and provide working capital.

Headquartered in Addison, TX, CTL Medical is a medical device company that designs, develops, and manufactures spinal implants and instruments.

*now known as Webster Bank as successor by merger.

Recourse Factoring Facility

Undisclosed

Provided by:

Sterling National Bank

Sterling National Bank* Provides Recourse Factoring Facility to CTL Medical

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