White Oak Commercial Finance Expands Factoring Facility to $25 Million For Leading Worker Management Software Company
17 Junio 2024 - 12:30PM
Business Wire
White Oak Commercial Finance (“WOCF”), an affiliate of White Oak
Global Advisors, today announced the upsizing of a $10 million
factoring facility to a leading worker management software company
by an additional $15 million. The now $25 million factoring
facility will serve as working capital to support the company’s
growth in the artificial intelligence space.
“We are excited to expand our partnership with this cutting-edge
company and provide them with the financing solutions needed to
support their rapid development within the ever-evolving artificial
intelligence space,” said Martin Efron, Head of Factoring at WOCF.
“As we approach the second half of 2024, we look forward to
fostering and deepening collaborations with companies that show
strong growth trajectories in sizable markets.”
WOCF closed the original $10 million factoring facility in
December of 2023, supporting the company’s expansion following a
successful equity raise. This upsizing reflects WOCF’s continued
momentum in offering flexible financing solutions for emerging
companies as they scale.
About White Oak Commercial Finance
White Oak Commercial Finance, LLC is an affiliate of White Oak
Global Advisors, LLC (“WOGA”) and provides financial solutions
including 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, accounts receivable
management and credit/collections services. The firm has offices
and personnel throughout the US and Australia. White Oak Global
Advisors, LLC 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. More information can be
found at www.whiteoaksf.com/commercialfinance.
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version on businesswire.com: https://www.businesswire.com/news/home/20240617880830/en/
Jake Forrestal Prosek Partners (on behalf of White Oak Global
Advisors) pro-whiteoak@prosek.com