• Finance expansion or special opportunities?
• Provide supplemental cash?
• Help you through seasonal fluctuations in your business?

Asset Based Lending permits smaller, but growing and dynamic businesses to leverage the value of their current and fixed assets, securing fresh working capital. It's a way to put those assets to work every day, growing your business. Sterling's lenders search beyond the numbers to look at your management and marketing skills, production facilities and customer base. When we see you can use capital profitably, we are fast and flexible in getting it into your hands.

Since loans are on a revolving basis, we don't impose arbitrary terms of 60 or 90 days, or even a year. There are no annual clean-ups, the facility is truly revolving. At Sterling, all of your borrowing is working for you all the time.

LEVERAGING YOUR ASSETS: CUSTOM-TAILORED BORROWING FOR YOUR UNIQUE NEEDS

Asset Based Lending can be secured by two main asset categories: current assets such as, accounts receivable and inventory; or fixed assets such as, machinery, equipment, or real estate. Loan packages collateralized by the value of such assets can be structured in a flexible and individualized fashion. For example, with Accounts Receivable Financing, you assign invoices to us as they are billed, and we advance the funds you need. As the funds advanced enable you to buy and sell more, the resulting receivables empower you to replenish the loan, increase your leverage, and grow your business. It works as a revolving line of credit, changing with your needs. Unlike unsecured loans, you only pay interest on the outstanding balance at any given time and you're in control.

Accounts Receivable Financing is often the most appropriate source for financing, but many businesses have substantial capital tied up in inventory. Therefore, at certain times in your business cycle, a working capital advance secured by inventory can provide important supplemental cash. Moreover, Sterling, unlike many other secured lenders, can arrange term loans collateralized by fixed assets. Combinations of financing based on current and fixed assets can be tailored to meet your needs and help you through seasonal fluctuations in your business or to expand.

THE STERLING FAMILY

Asset Based Lending is only one of many services the Sterling National Bank family offers. Our nationwide capabilities include factoring, letters of credit, commercial lending, real estate financing, equipment leasing, trust and estate administration, investment management and international trade finance. We customize these services to meet your individual needs. Let us show you what it's like to have a full-service bank in the family.