White Oak Commercial Finance Europe (WOCFE), a provider of senior secured financial solutions to small and medium sized enterprises (SMEs), mid-market, private equity (PE)-owned and PLC firms across the UK and Europe, launched a new website.
Designed for accessibility, the site is aimed at business introducers and end-user businesses, with a range of lending scenarios spanning asset-based lending and invoice finance facilities.
WOCFE’s asset-based lending offerings enable clients to release working capital against receivables, inventory and property, top-up cashflow levels or access an additional funding stream for plant and machinery, with no restrictive formula against the mix of assets funded.
WOCFE conducts transactions of between £500,000 ($620,900) and £200 million ($248.36 million), covering a range of scenarios from working capital, growth funding and mergers & acquisitions (M&A), to turnaround scenarios, refinance and restructuring, seasonal cash flow shortfalls and bridging to longer-term stability.
The WOCFE team also has access to the Coronavirus Business Interruption Loan Scheme (CBILS), a scheme managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS), through approved provider, White Oak UK.
“We are pleased to debut our new website to clients and referral partners looking to understand the breadth of White Oak Commercial Finance Europe’s services within the UK and Europe,” Neil Jones, head of sales at WOCFE, said. “Having been long established in the U.S. as a principal ABL provider under chairman, Tom Otte, we believe this now offers greater capacity for businesses looking for a global provider that can service an array of senior secured facilities to corporates across a variety of jurisdictions.”
White Oak Commercial Finance Europe is an affiliate of White Oak Global Advisors, a U.S.-based SEC-registered investment advisor and private credit firm founded in 2007.
“The UK and broader Europe represent a tremendous growth opportunity for the platform. We have strong demand from both borrowers in the region requiring financing and investors seeking yield in an uncertain market environment,” Andre Hakkak, CEO of White Oak Global Advisors, said.