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White Oak Commercial Finance Delivers $8MM Credit Facility to Global Automotive Supplier

July 07, 2020, 08:50 AM
Filed Under: Automotive

White Oak Commercial Finance LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions.

"We are thrilled to close this credit facility and look forward to working with the company through the next phase of its growth and beyond," said White Oak Commercial Finance Head of Originations, David Montiel.

Through this recent factoring facility with inventory advances, White Oak continues to successfully provide scalable financing solutions to its clients in the automotive industry and beyond. The loan enabled the company to fund its working capital requirements, particularly as it restarts production at its manufacturing plants following the disruption caused by the COVID-19 pandemic.

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