White Oak Global Advisors acquired Federal National Commercial Credit, a specialized commercial finance company providing government receivable financing, commercial factoring and asset-based loans to small and middle-market companies.
Federal National Commercial Credit, an alternative lender for small and medium-sized businesses across various industries, completed two new fundings.
Federal National Commercial Credit closed a $2 million asset-based line of credit to a Southern California based IT services company.
Federal National Commercial Credit completed two new fundings totaling $2.75 million.
Sylvia Stock joined Federal National Commercial Credit as a senior business development officer in the North Carolina market.
Federal National Commercial Credit funded a total of $7.25 million in transactions for new clients.
Federal National Commercial Credit funded a $4 million asset-based line of credit with a $2 million inventory sub-limit to a California-based wholesale distributor.
Rhonda Clarke been promoted to operations manager at Federal National Commercial Credit.
Superior Drilling Products completed a new $3 million credit facility with Federal National Commercial Credit, comprised of a $2.5 million accounts receivable revolver and a $0.5 million asset-based term loan.
Federal National Commercial Credit has closed four new credit facilities totaling $11.5 million.