White Oak Commercial Finance Provides Factoring Facility to Leading Menswear Company to Support Growth Through Seasonal Cyclicality

New York, NY --- White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that the firm has provided a $4 million non-recourse factoring facility to a leading menswear company.

The borrower company boasts 30 years’ experience in the development, design and production of high-quality menswear, and is a family-run business with an extensive background in international sourcing and production.

“In the current economic environment, wholesale companies find themselves carrying more inventory, and subsequently have a greater need for liquidity and working capital,” said Ethan Rosenblum, Senior Vice President of Originations at White Oak Commercial Finance. “As a storied firm of high-quality services and a robust network of vendor relationships, the borrower in this transaction was the perfect candidate for our offerings. Our understanding of the retail sector and its challenges allowed us to provide the borrower with a customized lending facility that best addressed their unique needs.”

The funds provided by White Oak will be used to support continued growth for the company and provide the liquidity needed to defend against the typical seasonality of the men’s apparel business. The facility was lent against the company’s inventory and accounts receivable. 

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 at every stage of their growth. WOCF’s solutions include asset-based lending, full-service factoring, lender financing, 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 New York, 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.