White Oak Commercial Finance’s government contracting finance arm provided a $4.5 million asset-based lending facility to a mechanical products distributor that sells to Fortune 500 companies.
The facility was secured by the distributor’s accounts receivable and inventory. The distributor will use funding for working capital, financing growth and securing government contracts as it ventures into serving federal, state and local agencies with its products and services.
“White Oak is proud to support the firm with our flexible solutions and government contracting insight as it pursues new business opportunities,” Kysha Pierre-Louis, head of government contract financing for White Oak Commercial Finance, said. “We believe our partnership approach to financing and ready capital will benefit the company in its continuing growth.”