Sterling National Bank Provides Recourse Factoring Facility to CTL Medical

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. Sterling’s Commercial Services financing solutions allow you to leverage your accounts receivable, inventory, equipment, real estate, and more. Wherever you’re located across the country, we can accommodate your borrowing needs. We service a range of business categories, including wholesalers, distributors, manufacturers, consumer goods, staffing, and service companies. 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.