NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance ("White Oak") provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides high-quality, sustainably minded clothing to partners in the U.S. and abroad.
The funding was secured by the business inventory and accounts receivable to support its rapid expansion and pay down existing debt.
"In a time of disrupted global supply chains, we are proud to fund a domestic retailer that has successfully expanded its business over the last year,” said White Oak's Managing Director Charlie Sharf. “We continue to bring industry expertise and fast working capital to help retail companies weather market volatility and meet customer demands.”
White Oak is a dedicated financing partner that delivers flexible working capital to companies across a range of industries and is accomplished in helping businesses unlock their assets and achieve growth in any market environment.
For more information, visit www.whiteoaksf.com/commercialfinance.
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.