Is this a loan?

Sterling Funding is NOT a lender. We buy the future sales of your business, commonly referred to in our industry as "future receivables." The particular kind of future receivables that Sterling Funding buys is Visa and MasterCard sales. Let's look at an example: If Sterling Funding buys future Visa and MasterCard sales from Acme Auto Supply, after the funding date, Sterling will gradually deduct scheduled payments from Acme's Visa and MasterCard sales. There are no monthly billing statements, no invoices, and no payment coupons for Acme to review and no checks for Acme to write - the payment happens automatically.

What is the maximum funding amount?

Sterling's minimum funding amount is $5,000 and the maximum amount is $100,000. The amount Sterling will fund for your business depends upon the average monthly Visa and MasterCard sales for your business, as well as the strength and creditworthiness of your business.

How much does Sterling pay for my receivables?

Sterling generally purchases the receivables at a 26% discount. This is referred to as the factoring purchase price.

How much of my daily Visa and MasterCard sales does Sterling deduct?

Once the purchase price, total amount to be purchased, and estimated payment period have been determined, Sterling calculates a daily payment amount required for Sterling to receive the amount of Visa and MasterCard receivables sold. After your business is funded, automatic, small deductions are made from your daily Visa and MasterCard sales.