White Oak Commercial Finance‘s government contracting finance arm provided a $10 million asset-based lending facility to a veteran-owned engineering firm contracting with the New York City Housing Authority.
The facility was secured by the firm’s billed accounts receivable and its earned-but-unbilled accounts receivable. The funds will be used for working capital.
“We’re proud to support veteran-owned businesses bringing specialized services to government agencies,” Kysha Pierre-Louis, head of government contract financing at White Oak, said. “And we look forward to providing them with the scalable funding needed to serve and win new contracts.”
