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 $1.5 million factoring facility to a service-disabled veteran owned 8(a) company that provides operational and technical engineering support to the US Army Cyber Command.
The transaction was structured as a factoring facility secured by the company’s accounts receivable, and the funding will be used as working capital to support its operations and bids on new government contracts.
“We’re honored to support and provide tailored financing to veteran-owned businesses committed to delivering critical services to our armed forces,” said White Oak Head of Government Contract Financing, Kysha Pierre-Louis.
White Oak is dedicated to helping government contracting firms make the most of their assets with flexible and reliable financing throughout their lifecycle, and provides them with the deep suite of products, government agency expertise and ready capital they need to invest in growth.
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, 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.