NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $4.5 million asset-based lending facility to a mechanical products distributor that sells to Fortune 500-listed companies.
The facility was secured by the firm’s accounts receivable and inventory, and the funding will be used for working capital, financing growth and securing government contracts as it ventures into serving federal, state and local agencies with its products and services.
“White Oak is proud to support the firm with our flexible solutions and government contracting insight as it pursues new business opportunities,” said White Oak’s Head of Government Contract Financing, Kysha Pierre-Louis. “We believe our partnership approach to financing and ready capital will benefit the company in its continuing growth.”
White Oak is dedicated to helping a diverse array of businesses working with government agencies make the most of their assets with reliable and scalable financing, and it provides them with the deep suite of products, personalized service and smart capital they need to succeed.
ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy. WOCF’s solutions include asset-based lending, full-service factoring, invoice discounting, government contract financing, lender financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the US, UK, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.