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White Oak Delivers $10MM ABL Facility to Veteran-Owned Engineering Firm
By White Oak Commercial Finance, LLC
White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $10 million asset-based lending facility to a veteran-owned engineering firm contracting with the New York City Housing Authority. The facility was secured by the firm’s billed accounts receivable and its earned-but-unbilled accounts receivable. The funds will be used for working capital.
“We’re proud to support veteran-owned businesses bringing specialized services to government agencies," said White Oak Head of Government Contract Financing, Kysha Pierre-Louis. “And we look forward to providing them with the scalable funding needed to serve and win new contracts.”
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.