Sterling National Bank Provides $1 Million Recourse Factoring Facility

Sterling National Bank's Commercial Services Group provided a recourse factoring facility totaling $1,000,000 to a Northeast based importer of precious and semi-precious stones.

The factoring facility will be used to provide working capital for the company’s anticipated future growth.

Sterling National Bank is one of the leading providers of financing and administrative services for staffing and IT consulting firms nationwide. If you’re looking to scale operations, it takes more than money. You need a financial ally who understands your business, has the resources to support your growth, and most importantly, listens.