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.
February 2022
Sterling Commercial Credit, LLC has sold a majority equity stake to Great Elm Capital Corp.
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.
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.
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.
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.
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.
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?
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.
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?
October 2020
Sterling Commercial Credit is pleased to announce that Eric R. Gill has joined our team as Senior Vice President of Sales
October 2020
Sterling Commercial Credit is pleased to announce that Thomas G. Siska has joined our team as Senior Vice President and Managing Partner.
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.
This Holiday Season the team at Sterling Commercial Credit got into the spirit during our Ugly Christmas Sweater Contest. Check out our winners!
Check out the creative costumes and staff favorites from Halloween at Sterling Commercial Credit! We wish everyone a Happy Halloween!
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.
Emily and Rick Gergis welcomed their beautiful baby girl MacKenna on July 29th, 2019 at 7lbs. 4oz. Welcome to the Sterling Family MacKenna!
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.
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!
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.
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.
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.
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:
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.
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.
