Sterling Commercial Credit, LLC
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Sterling Commercial Credit, LLC - overview
Established
2004
Location
-, MI, US
Primary Industry
Financial Services
About
Based in Michigan, US, and founded in 2004, Sterling Commercial Credit, LLC, also known as Sterling, is a family-owned and operated financing company specialized in providing short-term loans to its customers. In February 2022, Great Elm Capital Corp. acquired a majority stake in the company for USD 7. 54 million.
As of 2022, the firm is being led by its founder and CEO, Edwin Small, and has offices in Atlanta, Boca Raton, and Chicago. Sterling Commercial Credit, LLC mainly offers short-term loans and working capital loans to various small-scale industries including transportation, staffing, manufacturing, service B2B, wholesale, and distribution, among many others. The company’s service suite comprises lines of credit/ asset-based loans, purchase order advances, invoice factoring, credit and collection backroom services, etc. The acquisition by Great Elm Capital Corp.
will allow the company to provide further lending solutions to middle-market enterprises.
Current Investors
Great Elm Capital
Primary Industry
Financial Services
Sub Industries
Financial Services, Accounting/Finance Software
Website
www.sterlingcommercialcredit.com
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Sterling Commercial Credit, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Sterling Commercial Credit, LLC | - |
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