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Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $32,000,000 to Butler America Holdings Inc. (“Butler” or the “Company”).
Founded 46 years ago, Butler is a provider of outsourced specialty staffing services to large and mid-sized corporations including municipalities. Headquartered in Santa Barbara, CA, the Company currently provides staffing services to companies in 25 states, serving multiple industries including light industrial, warehousing, logistics, telecommunications, information technology and energy.
The transaction was originated by John Rossi, a Managing Director located in Sterling’s Boston office.
*now known as Webster Bank as successor by merger.
Senior Secured Credit Facilities
$32,000,000
Webster Bank provides asset based loans to mid-sized companies operating across a wide range of industries. Sterling’s Asset Based Lending Group offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, employing funds from $5 million to $40 million*. Learn more about Asset-Based Lending.
*Statements are not a commitment to lend and are subject to specific borrower qualifications as well as underwriting.
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