TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
November 19, 2024
Source: Businesswire
NEW YORK--(BUSINESS WIRE)--White Oak Global Advisors (“White Oak”), a private investment firm specializing in providing financing solutions to support the growth and business needs of small and medium enterprises, today announced a new partnership with the United Submarine Alliance (USA) Qualified Opportunity Fund LP.
As part of the relationship, White Oak will bring unique capital solutions to domestic manufacturers supplying Columbia and Virginia class submarines to the U.S. Navy. Additionally, the USA Fund will provide financing for workforce training and additive manufacturing to support submarine production.
“Our partnership with the United Submarine Alliance Qualified Opportunity Fund LP is a testament to the unique value that strategic public-private partnerships can provide in restoring American industrial capacity,” said Andre Hakkak, Founder and CEO of White Oak Global Advisors. “White Oak continues to support the reemergence of onshoring U.S. jobs, and we believe our extensive expertise and flexible financial solutions position us as the ideal partner for entities focused on scaling their businesses domestically.”
The USA Fund is an investment vehicle sponsored and managed by CapZone Group to increase the capacity of the Submarine Industrial Base (SIB) and support the Navy's submarine production requirements using private and institutional capital.
“We are excited to work with White Oak to address the infrastructure needs of the defense sector,” said Al Puchala, CEO at CapZone Impact Investments LLC. “This announcement underscores our commitment to leveraging private capital to support national security priorities, while putting Americans to work.”
White Oak has an extensive track record of investing in the manufacturing and industrial space. White Oak has closed in excess of $5.5 billion in deals for 80 industrial borrowers, showcasing the firm’s deep expertise and dedication to fostering growth in this sector.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is an alternative debt manager specializing in originating and providing financing solutions to support small and middle market enterprises at every stage of their lifecycle. WOGA 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 while establishing long-term partnerships with borrowers. The firm and its affiliates have offices and personnel throughout the US, UK, and Australia. More information can be found at www.whiteoaksf.com.
Contacts
Emily Bergwall
Prosek Partners (on behalf of White Oak Global Advisors)
Pro-whiteoak@prosek.com