White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.
“As the apparel sector navigates continued market volatility, we are pleased to support a company with a strong growth trajectory and strategy that was positioned to benefit from a tailored working capital solution,” Ethan Rosenblum, senior vice president of originations at White Oak, said. “Our deep understanding of the apparel sector was a key factor in delivering a customized credit facility that best met our client needs and provided value to all stakeholders.”
The transaction was structured with advances against the wholesale company’s accounts receivable and inventory. The company will use proceeds from the facility to support growth amid mounting economic uncertainty.