Staffing Company - June 2017

Karen Small

Location: Grandville, MI
Industry:Staffing Firm
Revenue: $3 Million
Line of Credit: $400,000 Factoring Facility
Collateral: All Assets of the Company

The American Dream
The American Dream Sterling recently closed a new staffing company in Grand Rapids, Michigan with annual sales of $3 million and open accounts receivable of $305,000. The opportunity came from a smaller factor located in North Carolina. The customer had recently grown larger than his maximum lending limit and the North Carolina factory had successfully referred other clients to Sterling with great success.

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Wholesale Manufacturer Food Products - May 2017

Edwin Small

Location: Newark, NJ
Industry:Beef and Poultry Distributor in greater New Jersey Area
Revenue: $18 million to $26 million
Line of Credit: $2.5 million Credit Facility
Collateral: A/R Factoring + Inventory

The American Dream
The American Dream Sterling was contacted by a business consultant out of the midwest with an opportunity to finance an exiting owner who was looking to sell the company to his general manager of 15-years. The seller had become passive in the day to day business and was looking for an exit strategy at 87 years old.

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Security Company - April 2017

Terry Wilson

Location: Arizona
Industry: Security Company
Revenue: $18 million per year
Line of Credit: $150,000,000 Line of Credit
Collateral: Accounts Receivable

The American Dream
This company is in fast growth mode. Their prior finance source had them on a restrictive factoring agreement with a high interest rate and substantial funding fees. We lowered their total cost of funds by more than 33% over their prior agreement and provided them with the flexibility they needed to continue their rapid growth!

The owner of the company said “Everything that you said you would do, happened!”

Terry Wilson
Vice President/Business Development Officer

Retail Manufacturer and Distributor - March 2017

Bill Kirth

Location: Salt Lake City, Utah
Industry: Retail
Revenue: $6 Million per year
Line of Credit: $1,500,000 A/R Line of Credit
Collateral: A/R Financing

The American Dream
One of our recent new clients is a wholesale manufacturer and distributor of High Quality Portable Fuel Containers (PFC). They are EPA certified, CARB (California), DOT and Canadian Certified and consider “Green” environmentally-friendly to be a focus.

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Wholesale Food Distributor and Manufacturer - February 2017

Dinah Carter

Location: Chicago, Ilinois
Industry: Wholsale Food Distributor and Manufacturer
Revenue: $4 Million per year
Line of Credit: $3,000,000 Line of Credit
Collateral: All Asset Borrowing Base

The American Dream
One of our recent new clients is a wholesale distributor and manufacturer of food products. They are a USDA inspected facility selling to diners, restaurants, institutions and smaller wholesale companies.

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Transportation - January 2017

Heath Smith

Location: Charlotte, North Carolina
Industry: Transportation
Revenue: $60K per month

The American Dream
This company was started by a husband and wife team who are the true epitome of the American Dream. Little did they know this would become a family company when their son finished high school and immediately began driving a company truck. With over a decade of experience in the transportation industry they are looking forward to a very productive 2017.

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Technology - December 2016

Michelle Mobarak

Location: Wixom, Michigan
Industry: Technology
Revenue: $500K per month
Facility: Line of Credit
Collateral: Accounts Receivable

The American Dream
This company provides their customers with fully-integrated solutions to create truly interactive and engaging presentations that encourage learning within the classroom and beyond. They strive for greater heights in quality, innovation, value, and customer satisfaction.

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Food Manufacturing - November 2016

Dinah Carter

Location: New York City, New York
Industry: Food Manufacturing
Revenue: $300K per month
Line of Credit: $500,000 Ledger Line of Credit
Collateral: All Asset Borrowing Base

The American Dream
This company was founded by a courageous and dynamic young woman who overcame Lymphoma at an early age and developed a recipe for all-natural cookie dough in her quest to eat healthy and lead a long life! She hired her little sister as official Taste Tester, and thousands of pounds of all-natural cookie dough later, her top secret recipes were complete. She began getting orders from family, friends, and friends of friends- and she realized that the world needed ‘better-for-you’ treats. She started marketing aggressively, found a good source for producing her cookie dough AND ….. She was off and running! Four hard-working years later, her cookie dough is on the shelves of major grocery chains throughout the U.S. Her growth has been phenomenal. But with it came a need for cash to support higher inventory levels and to accommodate net terms with large grocers. Like many entrepreneurs, she does not want to be limited by lack of cash. She wants to achieve as much as she possibly can while retaining ownership of her business - a philosophy we wholeheartedly support.

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Technology - October 2016

Michelle Mobarak

Location: Albuquerque, New Mexico
Industry: Technology
Revenue: $125K per month
Facility: Invoice Factoring
Collateral: Accounts Receivable

The American Dream
This company has combined over 30 years of experience in grades K-12 and helped transform the classroom with everyday technology to the next generation of interactive learning. With the recent need to bring advanced technology to the classrooms, they are committed to providing quality training to the facilitators to ensure they are utilizing all the tools necessary to make them successful.

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Crushed Lava Rock for Landscaping - September 2016

Bill Kirth

Location: Fillmore, Utah
Industry: Crushed Lava Rock for Landscaping
Revenue: $350K per month
Line of Credit: $500,000 Factoring Facility
Collateral: A/R and Inventory

The American Dream
The company was startup providing crushed lava rock to Quickrete who in turn sells to Home Depot.

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Staffing - August 2016

Terry Wilson

Location: New York
Industry: Staffing Company
Revenue: $1 million per year
Line of Credit: $150,000 Factoring
Collateral: Accounts Receivable

The American Dream
This company was a startup and was rapidly running out of cash due to payment policies of its customers. Within hours of receiving their application, we had a proposal in hand and ready to close within a week. Customer is now sleeping nights knowing that the payroll can be met every week!

Terry Wilson
Vice President/Business Development Officer

Environmental Clean Up - July 2016

Brian Jenks

Location: Denver, Colorado
Industry: Environmental Clean Up
Revenue: $800K per month
Line of Credit: $1,500,000 Ledger Line of Credit
Collateral: All Asset Borrowing Base

The American Dream
The company is environmental services company that specializes in emergency response, environmental abatement, and industrial vacuum services. They have a proven track record and reputation in environmental remediation projects, highway, railroad and industrial incidents, and emergency response situations.

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Manufacturing Equipment Sales & Service - July 2016

Terry Wilson

Location: Michigan
Industry: Manufacturing Equipment Sales & Service
Revenue: $14 Million per year
Line of Credit: $2,000,000 Revolving Line of Credit
Collateral: Accounts Receivable

The American Dream
The company was rapidly expanding and had outgrown its current lender. They needed flexibility in managing their cash flow while awaiting proceeds from very large receivables. The financing provided them the opportunity to continue to expand while not encumbering other assets needed for additional funding.

Terry Wilson
Vice President/Business Development Officer

Spirits Distributor & Distillery - June 2016

Karen Small

Location: Texas
Industry: Spirits Distributor & Distillery
Revenue: $22 Million per year
Line of Credit: $2,500,000 Revolving Line of Credit
Collateral: All Asset Borrowing Base, $600,000 Accounts Receivable, $800,000 Inventory, $800,000 Machinery & Equipment

The American Dream
The company was seeking a joint venture between a distillery in Texas and a local distributor with alcohol and wine sales in seven (7) states. The company was working on an acquisition of another distributor that had access to twenty-eight (28) States. The new joint venture and acquisition would drive sales from $5 million and $8 million independently to more than $22 million in the first year and a conservative estimate of $42 million in 2017.

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Electric Product Supplier Acquisition - May 2016

Don Rudnik

Location: Detroit, Michigan
Industry: Electric Product Supplier Acquisition
Revenue: $10 Million annually
Line of Credit: $2,500,000 Revolving Line of Credit
Collateral: All Asset Borrowing Base, $1,900,000 Accounts Receivable, $1,750,000 Inventory

The American Dream
The individual was seeking an acquisition of a company that could best use his sales ability for himself instead for someone else. The seller was second generation that enjoyed first generation hard work and sought to retire. The company supplies the Midwest annual of $10 Million per year but sales were falling more to neglect than other factors. Sterling had approached the buyer once before but the bank decided to liquidate instead of sell in that case.

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Oil & Gas Industry - April 2016

Brian Jenks

Location: Houston, Texas
Industry: Oil & Gas Industry
Revenue: $300K per month
Line of Credit: $750,000 Ledger Line of Credit
Collateral: All Asset Borrowing Base

The American Dream
The company was startup providing drilling and completion fluids products and services to the oil and gas industry located in Houston, Texas. The company services wells onshore in addition to wells in the Gulf of Mexico. With the recent emphasis on reducing cost and the movement towards ultra-competitive pricing, the company is committed to providing quality and excellence in the oil and gas industry while also adding value through the lowest cost performance for their customers.

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Spirits Branded Creator Distributor - March 2016

Don Rudnik

Location: Chicago, Illinois
Industry: Spirits Branded Creator Distributor
Revenue: $1 Million per month
Line of Credit: $500,000 Factoring and Purchase Order Facility
Collateral: All Asset Borrowing Base amount varies radically

The American Dream
The young company was seeking working capital to expand its national sales of branded, no gluten, low calorie, and low carbohydrate adult beverage. The company was out of working capital via family money and incubator grants and beginning to gain sales traction. The company revenue was $300,000 in 2014.

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