Sterling docks with Interbay Commercial

Sterling Capital Reserve Limited, the Nottingham-based specialist commercial finance brokerage, has announced an exclusive East Midlands partnership with InterBay Commercial, to offer competitive, flexible and innovative products aimed at the small business commercial market.

Through InterBay Commercial, Sterling Capital Reserve will be able to offer loans from £75,000 to £1,000,000 and larger loans by exception of up to £5 million. Sterling has confirmed that there must be a maximum LTV of 75 per cent, a good credit history and that margins start from 4.95 per cent over 3 month LIBOR.

Sterling Capital is just one of 21 UK partners with InterBay and the agreement will be good news for businesses still starved of finance, as Sterling’s Nic Rotton, who specialises in commercial mortgages and finance points out:
“We’re extremely pleased to be partnering InterBay Commercial. Through the new agreement we’ll be able to offer growing businesses fully credit underwritten decisions up front - decisions they can rely on.

“Pricing is keen and the partnership with InterBay Commercial will provide crucial loans to the SME market which is still crying out for liquidity and a listening ear.”
Andy Reid, national key account & relationship manager at InterBay Commercial said:
“It is great news that InterBay are back lending again. The interest generated since our launch indicates the need for a focused competitor to provide a range of products via its Key Partner panel and I am pleased to confirm that Sterling Capital Reserve are an asset to our distribution arm and look forward to working closely with them in the future.”

The deal with Interbay Commercial is the latest in a succession of partnerships for Sterling, which last year unveiled a deal with Shawbrook Bank. Sterling also operates a mezzanine finance company Strata Finance (a “dating agency” for frustrated borrowers and lenders within the commercial property market) and is the regional “sponsor” for, a peer-to-peer lending facility that unites frustrated investors and borrowers.

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