White Oak Commercial Finance delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry.
The company has been in business since 2015 and the funding was secured against its accounts receivable and will support its portfolio and accelerate its expansion.
“We are proud to help fuel this financing company’s growth with fast capital and we look forward to our continued partnership as it expands its book in transportation and trucking,” Martin Efron, executive vice president of White Oak Commercial Finance, said. “We recognize the complex needs of factors, and we are ready to provide them with hands-on guidance and scalable solutions essential to their success.”
