Sterling National Bank Provides $15,500,000 of Working Capital and Acquisition Financing to Wing Inflatables, Inc.

Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $15,500,000 to Wing Inflatables, Inc. (“Wing” or the “Company”). The credit facilities provide financing for a strategic acquisition and will provide working capital for the company going forward.

Founded in 1992, Wing designs and manufactures high-performance sponsons, collars, tubes and fenders for rigid inflatable boats as well as several lines of inflatable watercraft designed to perform in the most challenging marine environments.

This transaction was originated by Lisa Adams, a Managing Director located in Sterling’s San Francisco, CA, office.