FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray LOGIN ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Sterling National Bank Provides $2.5MM Recourse Factoring Facility to Web Packaging Solutions

January 06, 2022, 07:00 AM
Filed Under: Packaging

Sterling National Bank's Commercial Services Group provided a recourse factoring facility of $2,500,000 to Web Packaging Solutions, LLC.

The credit facility will provide working capital for the company’s anticipated future growth.

Web Packaging Solutions was established in June 2021 and is an affiliate of Web Plastics Company LLC, which is headquartered in Houston, TX and operates as an importer & wholesaler of flexible packaging products used across a wide variety of business types.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.

Sector/Economic Data
U.S. Census Bureau – U.S. Department of Commerce
March 2022 Construction Spending Report
U.S. Census Bureau – U.S. Department of Commerce
Full Report on Manufacturers' Shipments, Inventories and Orders - March 2022
view all sector/economic data
Featured Articles
Expert Perspectives: Rosenthal & Rosenthal on the Asset-Based Lending and Factoring Markets
Paul Schuldiner, Leigh Lones, and Andrew Barone of Rosenthal &...
by
Monroe Capital Launches the Drive Forward Fund for the U.S. Automotive Industry
ABL Advisor speaks with Monroe Capital’s Alex Parmacek about the...
by ABL Advisor Staff Writer
Most Popular | All Articles
Sponsored Content
CFG Merchant Solutions Underwriter Academy
CFGMS is proud to announce our new program: Underwriter Academy! Fast-track into a position with one of our producing underwriting teams.
sponsored by:
LEARN MORE