How Invoice Factoring Can Help Staffing Companies

people standing shoulder to shoulder

 September 2021

It’s a common misconception that only trucking, manufacturing, and wholesale companies can use invoice factoring to keep a constant and reliable cash flow. Invoice factoring is helpful for any staffing company that is trying to keep up with payroll.

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Best Ways to Collect Debt (Besides Factoring)

woman counting money

 September 2021

The hardest part about running your small business might be collecting money from customers who pay late. This headache of trying to collect what is owed to you can cause extra stress you don’t need while possibly ruining your business. It can also cost you time while you should be doing other things to run your business. This article should give you some ideas of how to get the money you are owed from your debtors.

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Asset Based Lending for Staffing Companies 

People sitting at a table working on computers

 September 2021

Many people think that asset based lending is only for trucking, manufacturing, and wholesale companies, but those people are wrong. Asset based lending (ABL) is also a great option for staffing companies. Asset Based Lenders help staffing companies to capitalize on growth, meet pay-roll costs, recruit talent, and expand its services.

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Public Service Announcement on Cyber Security

a pixel lock over computer code

 September 2021

It is not a secret that cyber security attacks are on the rise. Here are a few tips from us to avoid becoming victim to one of the most dangerous and prevalent attacks affecting businesses today.

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How Invoice Factoring Can Help Trucking Companies 

Semi-truck driving on the road with a blue sky

 September 2021

Imagine you are a trucking company just starting out. You bought your first truck, and you are getting contracts. But your clients are taking longer to pay than you expected, and you are running out of money to pay for important things such as payroll, fuel, and operational costs. How do you solve this problem? It’s easy, invoice factoring.

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Employee Retention Strategies 

people in an office

August 2021

In today’s climate it is hard to keep employees, especially with the pandemic. Although the unemployment rate is high, there are plenty of jobs available. Yet there are still a lot of people quitting their jobs at high rates. Why is that? More importantly, how can you prevent it from happening to you?

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Paycheck Protection Program Forgiveness 

piggy bank with mask

 August 2021

When the pandemic was first in full swing in March and April of last year the U.S. Small Business Administration (SBA) started a program as part of the Cares Act, the paycheck protection program (PPP), to help small business during the lockdowns. The PPP allowed for the SBA, as well as and private lenders to help suffering small businesses during the hardest months of the pandemic by allowing them to apply for emergency aid.

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Benefits of Invoice Factoring

Hand with an invoice and a calculator

July 2021

Most people are unaware of invoice factoring and the benefits it can have for a small business in need of working capital. Benefits include increasing cash flow and freeing up resources to allow for more time to focus on the business. We are hoping that this post will shine a light on what invoice factoring is and how it can potentially help your business.

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Beware Merchant Cash Advances

money on fire

 July 2021

Merchant cash advances (MCAs) are a good idea in theory. You need money now to buy more products or fix a piece of equipment and you can get all the money you need within 24 hours of approval. Good idea, right?

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Welcome to the Team

Eric R. Gill

 October 2020

Sterling Commercial Credit is pleased to announce that Eric R. Gill has joined our team as Senior Vice President of Sales  

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Welcome to the Team

Thomas G. Siska

 October 2020

Sterling Commercial Credit is pleased to announce that Thomas G. Siska has joined our team as Senior Vice President and Managing Partner.  

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Random Act of Kindness 2019

SCC RAOK blogimage2019

December 2019

Sterling is proud to help the community each holiday season.  Delivering hundreds of presents to local schools for children less fortunate, Sterling makes sure there are many more smiles on Christmas morning.

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Ugly Sweater Contest 2019

SCC UglySweater blogimage2019

December 2019

This Holiday Season the team at Sterling Commercial Credit got into the spirit during our Ugly Christmas Sweater Contest. Check out our winners!

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Halloween 2019

Halloween 2019

October 2019

Check out the creative costumes and staff favorites from Halloween at Sterling Commercial Credit! We wish everyone a Happy Halloween!

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TMA Conference 2019

TMA Conference 2019

September 2019

Sterling Commercial Credit is always looking for ways to improve and expand our connections to provide our customers the best rates and partnerships to work with. Founding Partner, Karen L. Small attended the 31st Annual TMA Conference in Cleveland Ohio in September.

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Sterling Family is Growing!

Welcome Baby Gergis

July 2019

Emily and Rick Gergis welcomed their beautiful baby girl MacKenna on July 29th, 2019 at 7lbs. 4oz. Welcome to the Sterling Family MacKenna!

 

Holiday Gift Giving 2018

Holiday Gifts 2018

December 2018

This holiday season Sterling team members put on their elf hats and helped deliver gifts to children in need. Sterling Commercial Credit helped to sponsor 267 children in the Brighton Area, making sure there were many more smiles on Christmas morning.

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Halloween 2018

Halloween 2018

October 2018

Sterling Commercial Credit wishes everyone a Happy Halloween! Our staff got in the Halloween Spirit with a costume contest. Click Read More to check out the creative costumes, and the winners!

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Dangers of Cash Advance Loans

Cash Advance Dangers

October 2018

A merchant cash advance was originally structured as a lump-sum payment to a business in exchange for an agreed-upon percentage of future credit card and / or debit card sales. These “merchant cash advance companies” are not loans-rather a sale of a portion of future credit and/or debit card sales. Therefore, merchant cash advance companies claim that they are not bound by state usury laws that limit lenders from charting high-interest rates. This technically allows them to operate in a largely unregulated market and charge much higher interest rates than banks.

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Client Appreciation Tigers Event

Tiger Suite 2018

August 2018

Thank you to all who joined Sterling at their Client Appreciation Event this past month. Sterling Commercial Credit hosted their Client Appreciation event at Comerica Park on August 15, 2018. Business leaders from a variety of industries cheered on the Detroit Tigers v. Chicago White Sox.

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Rudy Scholarship Winners 2018!

Rudy Scholarship Winners 2018

June 2018

Congratulations to the recipients of Sterling Commercial Credit's Rudy Scholarship! The students selected demonstrate characteristics similar to those of Rudy Ruettiger: Character | Ambition | Commitment | Courage | Contribution | Leadership | Perseverance | Ability to Overcome Obstacles.

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Congratulations Graduates!

Sterling Graduates 2018

June 2018

Sterling Commercial Credit would like to congratulate their clients on GRADUATION! We are very proud of our clients on their hard work, and wish them the best in the future. Read More to see the list of our most recent graduates:

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March Madness with Sterling Commercial Credit

March Madness Winner2018

March 2018

Thank you to all of our brokers who participated in our final four bracket challenge! All qualified leads will receive their Gift Card in the next few weeks.

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March Madness with Sterling Commercial Credit

March Madness 2018

March 2018

Earn a $100 Gift Card for every qualified lead submitted between March 1st and April 15th, 2018, from Sterling Commercial Credit! *A qualified lead represents any transaction where Sterling issues a formal written proposal on BDO letterhead. Gift Cards will be mailed after the NCAA Championship Game.

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53 Deals Closed in 2017!

Deals Closed in 2017

January 2018

"The road to success is not easy to navigate, but with hard work, drive and passion, it's possible to achieve the American dream. - Tommy Hilfiger" 2017 was an impressive year at Sterling Commercial Credit. Our brokers went above and beyond, closing 53 Deals in the amount of $15.3 Million! Keep up the good work and lets make 2018 even better!