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Sterling Commercial Credit
http://sterlingcommercialcredit.com/Last activity: 10.11.2026
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Accounts receivable financing is appealing to businesses that do not yet meet the criteria for traditional bank financing; however have significant short-term assets that can be sold or pledged as collateral. SCC’s target customer base consists of businesses in the service, manufacturing, wholesale, distribution and transportation industries with total annual revenue from $1MM to $15MM dollars. Factoring, or as it is often called, accounts receivable financing, has been around as long as commerce, but it is now becoming more popular as banks tighten their belts and make it harder for small businesses to borrow money.
Sterling Commercial Credit offers asset based lines of credit and account receivable factoring facilities. Lendable collateral consists of accounts receivable, inventory, and machinery & equipment.
Specialties
Specialties:
Asset-Based Lending, Accounts Receivable Financing / Factoring
Sterling Commercial Credit offers asset based lines of credit and account receivable factoring facilities. Lendable collateral consists of accounts receivable, inventory, and machinery & equipment.
Specialties
Specialties:
Asset-Based Lending, Accounts Receivable Financing / Factoring
Overview
Location
United States, Michigan, Brighton
Employees
11-50
Phone
+1 810-229-2601
Founded date
2004
Mentions in press and media 9
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 4, 2024 | Asset Based Lending Closes $175 Million in Second Securitization | Asset Based Lending is a premier provider of private capital to real estate investors. Oversubscribed securitization highlights ABL's first broadly syndicated deal. JERSEY CITY, N.J., Nov. 4, 2024 /PRNewswire-PRWeb/ -- Asset Based Lend... |
| Mar 21, 2024 | Asset Based Lending Closes $158.333 Million Revolving Securitization Of Residential Transition Loans, Achieves Over $2 Billion In LTD Origination | Asset Based Lending Asset Based Lending Closes $158.333 Million Revolving Securitization Of Residential Transition Loans, Achieves Over $2 Billion In LTD Origination. Inaugural securitization marks a company milestone and highlights institu... |
| Aug 9, 2023 | Greenlane Announces Pay Off of $15MM Asset Based Loan, Acquires Approximately $3MM in Cash | |
| May 18, 2022 | VAALCO Energy Announces New Five Year, $50 Million Reserve Based Lending Facility Providing Additional Financial Flexibility | HOUSTON, May 18, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based ... |
| Feb 7, 2022 | Hunting PLC Announces That on February 7, 2022 the Company Concluded Refinancing of Its Core Borrowing Facilities and Has Entered into A New $150 Million Asset Based Lending Facility | Hunting PLC announced that on February 7, 2022 the Company concluded a refinancing of its core borrowing facilities and has entered into a new $150 million Asset Based Lending facility. The lending group for the ABL comprises Wells Fargo an... |
| Nov 3, 2021 | Republic Provides a $3 million Asset Based Loan for a Manufacturing Company | Manufacturer ABL Facility We appreciated that Republic’s leadership team got into the weeds with us to make sure we properly structured the credit. NEW ORLEANS (PRWEB) November 03, 2021 When a Midwest-based private equity-owned promotional ... |
| May 19, 2021 | Commercial Credit Group Inc. Closes $75 Million Senior Unsecured Notes Offering | The notes offering marks a key milestone for CCG as we enhance our liquidity profile and further diversify our capital structure. CHARLOTTE, N.C. (PRWEB) May 19, 2021 Commercial Credit Group Inc. (CCG), an independent commercial equipment f... |
| Feb 16, 2021 | Commercial Credit Group Inc. Closes $327,821,000 Term ABS (2021-1) | Over a busy period of ABS issuance, our 2021-1 transaction received significant oversubscription in each class and we welcomed a number of new investors. The composition of the contracts in the transaction reflect the industry, equipment an... |
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FAQ about Sterling Commercial Credit
When was Sterling Commercial Credit founded?
Sterling Commercial Credit was founded in 2004.
What has the press written about Sterling Commercial Credit?
Parsers VC has collected 9 articles mentioning Sterling Commercial Credit, among them “Asset Based Lending Closes $175 Million in Second Securitization” (Nov 4, 2024) and “Asset Based Lending Closes $158.333 Million Revolving Securitization Of Residential Transition Loans, Achieves Over $2 Billion In LTD Origination” (Mar 21, 2024).
Is Sterling Commercial Credit still active?
Yes, Sterling Commercial Credit is active; its latest activity on Parsers VC dates from Nov 10, 2026.