Sterling Commercial Credit, LLC has sold a majority equity stake to Great Elm Capital Corp.

From Great Elm Capital Corp:

"This transaction is pivotal for GECC as the Sterling platform allows us the ability to offer ABL Revolvers and one-stop shop financing options for our clients," according to Michael P. Keller, President of Great Elm Specialty Finance. "We welcome the Sterling team to the Great Elm family and are confident that this purchase will expand our specialty finance footprint and open up a number of new opportunities for us."

STERLING COMMERCIAL CREDIT is a specialty finance company providing Asset Based Lending from $2,000,000 to over $50,000,000. At Sterling, our mission is to be a one stop shop for growth minded entrepreneurs, private equity firms, and M&A professionals, which allows them to deliver on their plan with an industry leading, transparent commercial lending partner. 

Ideal clients for Sterling are companies that cannot obtain traditional bank financing yet, have a strong business model and collateral in accounts receivable, inventory, equipment, and commercial real estate. We target businesses that are fast-growing, early stage companies with strong experienced leaders, investors involved in mergers and acquisitions, firms exiting a bank or have been turned down by a bank, and debtors in possession (DIP). Sterling is excited to continue funding companies that are committed to keeping The American Dream alive!