Sterling Funding provides merchants with a source of capital that is overlooked by most business owners – their future credit card sales.
The funding Sterling provides is not a loan; it’s actually the purchase of a portion of future card sales. So, business owners can still be eligible for funding even if they have been turned down by a traditional lending source. Funds are repaid via small automatic deductions from daily card sales and the deductions are flexible – they adjust to the daily volume of card sales. It’s a great option for business owners who want to expand, remodel, advertise, buy equipment, increase inventory or plan for emergencies.
Bob Desiderio owns an Italian restaurant and a new dinner theatre, and he has used Sterling Funding several times to provide him with funds for capital improvements.
“Thanks to Sterling Funding, I was able to get the dinner theater up and running quickly because Sterling’s approval process is really fast,” he said. It's been my experience to have funds available within 48 hours of making the phone call to Sterling Funding.”
Mr. Desiderio says Sterling Funding’s payment process is much easier on a business than repayment of a traditional loan. “Paying back a loan with a traditional lending institution means you have to budget a certain amount of cash every month. But with Sterling Funding, the process really is painless. They take a percentage of what you take in on any given day. So, if you have a slow day or a great day, the payment is always proportionate."
“I would recommend that any business owner who needs extra working capital call Sterling Funding ASAP," Mr. Desiderio said. "The staff is fair, honest and straight forward. They'll tell you what they can do and what they cannot do. I consider Sterling Funding a business partner – they’ve always been there for me, and I'll continue to work with them if I need extra capital in the future.”