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I. General Information
Type of Business: Commercial Bank Offering; Asset-Based Lending, Factoring, Leasing, Commercial and Real Estate Lending.
In Business Since: 1929
Description:
STERLING ASSET BASED LENDING
The veteran professionals in our Asset Based Lending Division have the breadth of knowledge and the banking service products
to respond to a broad range of our clients' needs. More critically, we have the depth of insight that only years of business
experience can build. At Sterling, you can talk directly to our senior management who always have the interest and patience to
listen, you won't be redirected to their assistants or voicemail.
Whether you're a start up business or already a $50 million
enterprise in manufacturing, wholesaling, distribution, high-tech or service, it's easy to find yourself growing at a faster
rate than your available capital can support. Because, the big banks focus on balance sheets and conventional financial ratios,
they are not the answer. Nor are the equity markets which show little interest in new or small businesses with promise but
limited resources. And, many independent-minded entrepreneurs findpartnership with venture capitalists an unappealing option.
Sterling can provide a good alternativewith many advantages over traditional bank loans - Asset Based Lending.
Asset Based
Lending permits growing and dynamic businesses to leverage the value of their currentand fixed assets thus securing fresh
working capital. Capital that can be used to finance expansionand special opportunities. It's a way to put those assets to
work every day, growing your business.Sterling also offers Asset Based Lending to Debtors-in-Possession by helping them to
reorganizetheir business and keep valuable assets "on the job".
Since loans are on a revolving basis, we don't impose
arbitrary terms of 60 or 90 days, or even ayear. There are no annual clean-ups, the facility is truly revolving. At Sterling,
all your borrowing isworking for you all the time.
For information on how to have your company listed in our ABL Services Directory,
please contact Denise Finegan at 610.293.1300 x120 or e-mail
denise@abfjournal.com
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