Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $15,000,000 to Baron Finance California Inc. The credit facilities will provide financing for working capital for the company going forward.
Founded in 2017 and headquartered in Clovis, CA, Baron is an invoice factoring company previously focused on the transportation and trucking industries with future plans to add focus on the staffing and service industries as well.
This transaction was originated by John Rossi, a Managing Director located in Sterling’s Boston, MA, office.