White Oak Provides $3MM Factoring Facility to a Leading Provider of Temporary Staffing and Recruiting Services
NEW YORK--(BUSINESS WIRE)--Jan 9, 2023--
White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, LLC, today announced that it has provided a $3 million factoring facility to a leading provider of temporary staffing and recruiting services with a more than 70 year history of family ownership successfully serving clients across the country.
“We are thrilled to be able to provide this funding facility to help this dynamic business pursue its business objectives and growth plans amidst a quickly evolving labor environment as we further build our presence in the staffing and recruiting industry,” said White Oak Executive Vice President, Martin Efron.
Robert Mocerino, SVP for Staffing and Government Originations at White Oak, added, “In an economic landscape marked by a mix of uncertainty and continued labor tightness, staffing and recruiting agencies play a vital role for a wide variety of businesses and have a considerable growth opportunity. White Oak was pleased to be able to utilize our expertise, industry and sector experience and differentiated approach to craft a bespoke financing solution optimally suited for their business.”
About White Oak Commercial Finance, LLC
White Oak Commercial Finance, LLC (“WOCF”) is a global financial products and services company providing credit facilities to companies across the economy. WOCF’s solutions include asset-based lending, full-service factoring, invoice discounting, government contract financing, lender financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the US, UK, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in originating and providing financing solutions to support small and middle market enterprises at every stage of their lifecycle. WOGA and its financing affiliates optimize capital structure based on available assets and cash flow and provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a hands-on, disciplined investment process that focuses on delivering risk-adjusted investment returns to investors, while establishing long-term partnerships with its borrowers. More information can be found at www.whiteoaksf.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230109005178/en/
CONTACT: Spencer Tait
Prosek Partners (on behalf of White Oak Global Advisors)
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: FINANCE CONSULTING BANKING PROFESSIONAL SERVICES ASSET MANAGEMENT
SOURCE: White Oak Commercial Finance, LLC
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PUB: 01/09/2023 08:00 AM/DISC: 01/09/2023 08:02 AM