Sterling has been acquired by Great Elm Capital Corp.

 February 2022

 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 Edwin and 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."

From Sterling:

Mr. Small noted, "We are excited to join GECC and believe that this transaction will allow Sterling the ability to offer additional lending products to middle market businesses, and, with GECC's access to capital, execute on larger transactions."

About Sterling Commercial Credit:

STERLING COMMERCIAL CREDIT is a specialty finance company providing Asset Based Lending from $500,000 to over $25,000,000.  At Sterling, our mission is to be a one stop shop for growth minded entrepreneurs, private equity firms, and turnaround managers, which allows them to deliver on their plan with an industry leading, transparent commercial lending partner.  We target businesses that are fast-growing, start-ups 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).