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Sterling National Bank’s Equipment Finance Group provided an equipment lease line of credit totaling $1.3 million to New Enterprise Stone & Lime Co., Inc. (“NESL”). The credit facilities will be used to support the acquisition of new vehicles to replace older fleet assets.
Founded in 1924, NESL is a vertically integrated construction materials supplier and heavy/highway construction contractor with locations throughout Pennsylvania and western New York.
This transaction was originated by Cheryl Cohen, a Managing Director located in Asheville, NC.
*now known as Webster Bank as successor by merger.
Equipment Lease Line of Credit
$1,300,000
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