|
|
Sterling Funding, LLC
Sterling's headquarters are located in Tampa, Florida, in the fast-paced Westshore business district. Sterling has redundant data sites in Tampa, as well as in Dallas, Texas. Sterling is represented in communities nationwide by
- independent sales offices
- community banks
- associations
- point-of-sale equipment/software dealers and software developers/integrators
These community-based sales partners provide the face-to-face link with individual merchants who use Sterling's factoring services to provide merchants with urgently needed working capital.
Sterling Funding is available to most all merchants that accept Visa and MasterCard, but you will need to process with Sterling Payment Technologies to complete the funding process.
Currently Processing with Sterling Payment Technologies
If you are already processing your card payments with Sterling Payment Technologies, we can generally approve and fund you within 3 or 4 business days!
Need to Switch to Sterling Payment Technologies
If you are not processing with Sterling yet, it's easy to make the switch. We simply download new instructions to your terminal, ECR, or other Point of Sale system. Generally, we can make the switch within 4 or 5 business days and complete funding to you within seven to ten business days!
Click here to learn more about Sterling Funding's services.
For more information about Sterling Payment Technologies, click here.
Our focus
Our control
Our speed and flexibility
Our management and sales team
Our focus
At Sterling Funding, we're focused on providing urgently needed working capital to small to medium sized businesses nationwide. We chose this market because we found that traditional sources of working capital were not serving the market well. Generally, traditional financial institution lenders were too cautious, too slow, and unable to understand the unique needs of small business owners who wanted to grow their businesses quickly.
In particular, traditional lenders did not recognize a major asset that most small businesses have — their future streams of Visa and MasterCard transactions. Sterling Funding's President, Paul Hunter, recognized and understood that asset with a particular depth, thanks to his years of service as President of Sterling Payment Technologies, LLC.
return to top of this page
Our control
Unlike traditional financial institution lenders, who are often trapped in a web of corporate hierarchies and complex lending procedures and policies, Sterling Funding is in complete control of both the credit decision and the funding process. Sterling Funding also has a level of control not available even to most card receivables factoring companies — Sterling Funding's sister company, Sterling Payment Technologies is a major provider of card processing services. As a result, unlike other credit card receivables factoring companies, Sterling can establish processing links and automatic payment settings immediately. It is not a matter of having to negotiate arrangements with an un-related third party.
return to top of this page
Our speed and flexibility
Traditional financial institution lenders commonly require elaborate loan applications, application and other fees, and then submit borrowers to grueling qualification procedures, with the end result that loan funding does not occur for several weeks — or the loan is denied. As for other providers of card receivables factoring services, procedural hurdles can still be high, and funding typically does not occur for at least a couple of weeks.
In contrast, Sterling Funding typically gives funding approval within 24 hours after receiving complete information, and funds the vast majority of its receivables purchases within seven to ten calendar days. This speed is possible primarily because Sterling Funding can work directly with Sterling Payment Technologies to set up processing controls for each account relationship. Since both companies share the same premises, there is no lag in communications and no opportunity to "drop the ball."
return to top of this page
Our management and sales team
Sterling Funding's management team includes people with years of experience in the card payments industry and the card receivables factoring industry. Thanks to this wealth of experience, Sterling Funding has structured its approval and set-up procedures to eliminate potential sources of delay and frustration. In addition, Sterling's focus on lightning quick credit review has made it the envy of the industry.
Sterling Funding's independent sales team also includes a strong mix of professionals who have focused for years on the card services side of the industry and professionals who have long experience in the card receivables factoring side of the industry. This mix of experienced professionals provides Sterling Funding with the unique ability to approach the business from a 360 degree perspective. Sterling Funding understands both its customers' processing needs and their business growth needs. That's what makes working with Sterling Funding an unparalleled experience of ease and simplicity. We know our business in depth and we provide our customers with all the advantages our experience can provide.
return to top of this page
|
About Sterling
|
|
