Sterling Factors Helps Vendors Get Merchandise Back on Kmart Store Shelves


Sterling National Bank, the principal banking subsidiary of Sterling Bancorp, announced today that through its subsidiary, Sterling Factors Corporation, it has agreed to provide factoring for Kmart debtor-in-possession orders on regular terms for its clients. Sterling Factors has recently released debtor-in-possession orders for apparel, electronics, footwear, jewellery and home furnishings, all bound for Kmart's store shelves.



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