Services Overview

Sterling Commercial Credit Services Overview

Sterling provides short term loans and working capital solutions to small business owners with annual sales of $500,000 to $40,000,000. The target market consists of companies with $3 Million to $10 Million in annual sales.

Sterling's direct lending product line includes invoice factoring, lines of credit, purchase order advances secured by accounts receivable, inventory, machinery & equipment and purchase order financing. Working with lenders for over 25+ years Sterling has a rolodex of third party lenders including SBA, merchant funding sources, and leasing sources when a transaction is not a direct fit for Sterling.

Industries financed include manufacturing, transportation, staffing, wholesale, distribution, service b2b, and tool & die space. The primary collateral for any Sterling transaction consists of accounts receivable and the quality of the account debtor base within our clients customer list.

Sterling provided over $250,000,000 in funding in 2015 and over 1 Billion in funding since 2010. Sterling's financing is best used when relationships are established for weekly communication via invoice factoring or lines of credit borrowing.

Sterling requires dominion of funds (cash central) and lockbox cash receipt (payments from your customers) monitoring on all of their loans. Account debtors are notified via email or certified mail to ensure compliance to the dominion of funds requirements.

Small invoice factoring loans (<$500,000) can be approved in 3 to 8 business days from execution of SCC proposal. Larger factoring relationships (>$500,000) can take between 5 and 15 business days. In the case of lines of credits secured by A/R and Inventory or Machinery & Equipment the on-site due diligence and required appraisals typically add 2 to 3 weeks to the closing process.