Sterling National Bank Provides $750K in Secured Credit Facilities to Memories Apparel

Sterling National Bank's commercial services group provided senior secured credit facilities totaling $750,000 to Memories Apparel, which will use the credit facilities to provide working capital.

Formed in November 2020 and based in Miami, Memories Apparel is an importer and manufacturer of screen printed, tie dyed and embroidered t-shirts, sweatshirts, shorts and beach wear for children and juniors. The company utilizes beach shop chain retailers, boutiques and specialty shops located in the Caribbean and along the East Coast of the United States for the distribution and sale of its products.