What is Unitranche Financing? 

Person signing loan papers

 March 2022

Many people are not familiar with a unitranche loan, especially in the lower middle market area. We are here to provide some insight into this fairly new form of commercial lending and also let you know that we are now offering unitranche loans.

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Sterling has been acquired by Great Elm Capital Corp.

sterling-sold

 February 2022

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

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Asset Based Lending for Manufacturing Companies 

Manufacturing of a tool

 October 2021

Invoice factoring is very helpful for manufacturers, but there are other options available for financing that manufacturers can use. Asset Based Lending (ABL) is a great option for manufacturing companies who need help with cash flow, company expenses, and buying more inventory. ABL allows companies to borrow against their A/R, inventory, and equipment. Many Asset Based Lenders can also lend against company owned Real Estate.

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Asset Based Lending for Trucking Companies

Semi-Truck with the sunset

 October 2021

Invoice factoring works well for small trucking companies, but it can sometimes become inconvenient and expensive if you have a larger to midsized company. Asset based lending (ABL) is a great option for those larger trucking companies that need help with cash flow, company expenses, and buying new equipment.

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How Invoice Factoring Can Help Manufacturing Companies

Manufacturing a product

 September 2021

You have a great product that companies want to purchase but you main customers take over 60 to 90 days. This can cause you to not be able to sell to other customers because you do not have the funds to continue to make your products and gain more sales. The best thing for you to do is to factor your invoices.

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How to be a Broker for Sterling

man watering a money tree

September 2021

Are you a broker looking for a new line of income? Look no further than Sterling Commercial Credit. Here at Sterling, we offer referral fees for successfully closed deals. The broker commissions are paid monthly on the first week of the month. Our referrals are the backbone of our business, and we would like to help you help us.

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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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