StoreBound, a client of White Oak Commercial Finance, recently signed an investment agreement with Groupe SEB, a multinational domestic equipment conglomerate, with the aim of reinforcing its presence in the U.S. housewares market.
Storebound is a developer and distributor of housewares and has been a client of White Oak’s since 2015. Headquartered in New York, StoreBound was recognized on Inc.’s list of Fastest Growing Businesses for four consecutive years and made Entrepreneur’s 360 List in 2019. Over the past five years, White Oak has provided StoreBound with scalable financing to reduce financing costs and provide access to working capital.
“We’re pleased by StoreBound’s enduring success and are proud to partner with such an accomplished company dedicated to healthy living,” Charlie Sharf, managing director at White Oak, said. “We look forward to our continued partnership and delivering on their future working capital needs.”
“We’re thrilled about the new heights StoreBound can reach, and we are thankful for White Oak’s lasting partnership and reliable funding that has helped us to grow with confidence,” Evan Dash, CEO and founder of StoreBound, said.
White Oak Commercial Finance is a global financial products and services company providing asset-based lending, full-service factoring, invoice discounting, government contract financing, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management, and credit and collections support.
