White Oak Commercial Finance Provides $10MM Factoring Facility to Apparel Retailer

White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides clothing to partners in the U.S. and abroad. The company secured the funding to support expansion and to 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,” Charlie Sharf, managing director of White Oak Commercial Finance, said. “We continue to bring industry expertise and fast working capital to help retail companies weather market volatility and meet customer demands.”