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Sterling National Bank Provides $19,800,000 of Senior Secured Financing to Air Industries Group

January 14, 2020

Air Industries Tombstone Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $19,800,000 to Air Industries Group (“Air” or the “Company”). The credit facilities will provide working capital and support for the company’s future growth.

Founded in 1979, Air is a manufacturer of aerospace components including landing gear, flight control and jet engine components for commercial aircraft and defense.

This transaction was originated by Sharon Bender, a Managing Director located in Sterling’s New Jersey office.

Learn more about Asset-Based Lending.