White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $10 million factoring-inventory finance facility to a consumer electronics wholesaler and distributor serving public and private retailers in the U.S. and international markets.
White Oak provided the funding against the New Jersey-based company’s accounts receivable and inventory. The firm will use the facility to fund large-volume purchases in order to grow business and provide competitive prices for name-brand products.
“We are pleased to support our client in its growth, and we continue to scale our financing for new and existing clients who are adapting and finding success in today’s market,” Charles Sharf, managing director of factoring for White Oak, said. “We recognize the challenges and opportunities all businesses face, and we welcome the chance to consult and serve them at every stage.”
