Daily News: September 13, 2017

White Oak Provides $20MM Factoring Facility to Luxury Distributor


White Oak Commercial Finance provided a $20 million factoring facility to a distributor of luxury and branded apparel, accessories, handbags and watches.

The proceeds will provide working capital to purchase inventory, manage account payables and repay existing debt.

“White Oak Commercial Finance has a deep history in retail financing, having provided designers, importers and manufacturers of retail goods with access to growth and working capital for nearly 30 years,” said Robert Grbic, president and CEO of White Oak Commercial Finance. “With strong historical profits and seasoned management team, this luxury goods distributor is an ideal company to finance.”