NEW YORK–(BUSINESS WIRE)–White Oak Industrial Finance, LLC (“White Oak”), an affiliate of White Oak International Advisors, LLC, introduced at present that the agency has offered a $4 million non-recourse factoring facility to a number one menswear firm.
The borrower firm boasts 30 years’ expertise within the growth, design and manufacturing of high-quality menswear, and is a family-run enterprise with an intensive background in worldwide sourcing and manufacturing.
“Within the present financial setting, wholesale firms discover themselves carrying extra stock, and subsequently have a higher want for liquidity and dealing capital,” mentioned Ethan Rosenblum, Senior Vice President of Originations at White Oak Industrial Finance. “As a storied agency of high-quality providers and a strong community of vendor relationships, the borrower on this transaction was the proper candidate for our choices. Our understanding of the retail sector and its challenges allowed us to supply the borrower with a custom-made lending facility that finest addressed their distinctive wants.”
The funds offered by White Oak will probably be used to assist continued development for the corporate and supply the liquidity wanted to defend in opposition to the standard seasonality of the boys’s attire enterprise. The ability was lent in opposition to the corporate’s stock and accounts receivable.
About White Oak Industrial Finance, LLC
White Oak Industrial Finance, LLC (WOCF) is a worldwide monetary services and products firm offering credit score services to firms throughout the financial system. WOCF’s options embody asset-based lending, full-service factoring, lender financing, bill discounting, authorities contract financing, provide chain financing, stock financing, US import/export financing, commerce credit score danger administration, account receivables administration and credit score and collections assist. The agency has places of work and personnel all through the US, UK, and Australia. WOCF is an affiliate of White Oak International Advisors, LLC and its institutional purchasers. Extra info may be discovered at www.whiteoaksf.com/commercialfinance.
About White Oak International Advisors, LLC
White Oak International Advisors, LLC (“WOGA”) is a number one various debt supervisor specializing in originating and offering financing options to assist small and center market enterprises at each stage of their lifecycle. WOGA and its financing associates optimize capital construction primarily based on accessible property and money circulation and supply over twenty lending merchandise to the market that embody time period, asset-based, and gear loans. Since its inception in 2007, WOGA and its associates have deployed over $10 billion throughout its product traces, using a hands-on, disciplined funding course of that focuses on delivering risk-adjusted funding returns to buyers, whereas establishing long-term partnerships with its debtors. Extra info may be discovered at www.whiteoaksf.com.
