White Oak Commercial Finance Provides $10M Senior Factoring Facility to Leading Worker Management Software Company
NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced that it has provided a $10M senior factoring facility to a leading worker management software company. The facility will be used for working capital to help the company expand on the heels of its own successful equity raise.
“With access to liquidity still a paramount business concern across sectors, WOCF is able to provide flexible financing solutions to leading companies across industries,” said Martin Efron, Head of Factoring at WOCF. “Unlocking the potential of our partner companies by providing working capital is at the core of our business purpose, and we are excited to partner with a company that we believe has a positive growth trajectory.”
Last year was marked by an uptick in non-traditional lending and WOCF believes this trend will continue this year. In 2024, WOCF plans to leverage its expertise to continue identifying partnership opportunities with exceptional companies, offering flexible financing solutions that foster resilience and growth.
ABOUT WHITE OAK COMMERCIAL FINANCE
White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC (“WOGA”) and provides financial solutions including asset-based lending, full service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, accounts receivable management and credit/collections services. The firm has offices and personnel throughout the US and Australia. White Oak Global Advisors, LLC and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, WOGA and its affiliates have deployed over $11 billion. More information can be found at www.whiteoaksf.com/commercialfinance.
Contacts
Eli Kapsack
Prosek Partners (on behalf of White Oak Global Advisors)
pro-whiteoak@prosek.com