White Oak Global Advisors has rebranded Capital Business Credit, a specialty finance firm it acquired in December, as White Oak Commercial Finance.
Capital Business Credit appointed Robert Grbic as president and CEO and Michael Fortino as chief operating officer, in addition to his current role as CFO, effective immediately.
White Oak Global Advisors expanded its asset-based lending platform through the acquisition of Capital Business Credit, a commercial finance company that provides asset-based loans, factoring and trade finance products to small and middle market companies.
According to a survey conducted by Capital Business Credit, retailers are not entirely confident consumers will open their wallets this holiday season.
According to a survey conducted by Capital Business Credit, U.S.-based importers and suppliers that sell goods to retailers are seeing growth in sales for both the summer and fall shopping seasons.
Capital Business Credit provided Robbins with an asset-based revolving line of credit as well as a term loan, totaling approximately $13 million.
Capital Business Credit said it issued over $50 Million in financing and factoring solutions to support growing fashion apparel and home furnishing manufacturers.
Capital Business Credit announced Matt Piccolo and Katherine Griffin joined as senior account executives/VPs in the Los Angeles and Charlotte offices, respectively.