In today’s tough economy, it’s almost impossible to access business funding when you need it. Many business owners have exhausted their savings or personal credit lines, and banks have tightened lending requirements so much that few can qualify for even the smallest loans.
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.
This is 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, the dinner theatre is really starting to take off,” he said. “I was able to get it up and running quickly because Sterling’s approval process is really fast. 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. ” I consider Sterling Funding business partners – they’ve always been there for me, and I’ll continue to work with them if I need extra capital in the future.”
Sterling Funding’s Tim Diehl says businesses must make some careful considerations when choosing a funding company. “The most important step is to choose a reliable company and when you’ve made that choice be sure to be upfront with any issues or problems you might have, he said.”
Sterling Funding offers a no-obligation consultation that can give business owners a fair and accurate appraisal of available funding opportunities. Sterling Funding can provide up to $100,000 to merchants with approval within 24 hours and funding in seven days or faster. For more information visit www.SterlingFunding.com or call (800) 591-6098, ext. 1137.