White Oak Acquires Federal National Commercial Credit

White Oak Global Advisors acquired Federal National Commercial Credit, a specialized commercial finance company providing government receivable financing, commercial factoring and asset-based loans to small and middle-market companies.

FNCC Funds Two A/R Lines for $6.25MM

Federal National Commercial Credit, an alternative lender for small and medium-sized businesses across various industries, completed two new fundings.

Federal National Commercial Closes $2MM L/C to IT Services Firm

Federal National Commercial Credit closed a $2 million asset-based line of credit to a Southern California based IT services company.

Federal National Closes Two Transactions Totaling $2.75MM

Federal National Commercial Credit completed two new fundings totaling $2.75 million.

Federal National Commercial Credit Adds Stock as BDO

Sylvia Stock joined Federal National Commercial Credit as a senior business development officer in the North Carolina market.

Federal National Commercial Funds $7.25MM in Recent Transactions

Federal National Commercial Credit funded a total of $7.25 million in transactions for new clients.

Federal National Funds $4MM ABL to Wholesaler

Federal National Commercial Credit funded a $4 million asset-based line of credit with a $2 million inventory sub-limit to a California-based wholesale distributor.

Federal National Commercial Credit Names Clarke Manager

Rhonda Clarke been promoted to operations manager at Federal National Commercial Credit.

Federal National Provides $3MM Superior Drilling Facility

Superior Drilling Products completed a new $3 million credit facility with Federal National Commercial Credit, comprised of a $2.5 million accounts receivable revolver and a $0.5 million asset-based term loan.

FNCC Closes Credit Facilities Totaling $11.5MM

Federal National Commercial Credit has closed four new credit facilities totaling $11.5 million.