White Oak Commercial Finance Delivers $3 Million Non-Recourse Factoring Facility to Women’s Apparel Manufacturer
NEW YORK–(BUSINESS WIRE)–White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $3 million non-recourse advance factoring facility to a family-owned apparel manufacturer focused on delivering high quality and affordable clothing for women.
The transaction was structured against the company’s account receivables and inventory to support its growth and expand its private label offering.
“We’re proud to serve this family-owned provider of versatile and fashion-forward clothing with a custom financing solution that is key to its growth objectives,” said White Oak Vice President Ethan Rosenblum. “We believe our industry know-how and scalable product offering will continue to meet the company’s evolving needs.”
White Oak is dedicated to helping apparel companies make the most of their assets with hands-on consulting, creative funding options, and ready capital up to $250 million.
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, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the U.S., UK, and Australia, including New York, 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 (WOGA) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
Contacts
Spencer Tait
Prosek Partners (on behalf of White Oak Global Advisors)
[email protected]
