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White Oak Commercial Finance Provides $10MM Factoring/Inventory Finance Facility to Consumer Electronics Wholesaler

September 09, 2020, 08:55 AM
Filed Under: Electronics

White Oak Commercial Finance, LLC, an affiliate of White Oak Global Advisors, LLC, announced it provided a $10 million factoring – inventory finance facility to a consumer electronics wholesaler and distributor serving public and private retailers in the US and international markets.

The funding was provided against the New Jersey-based company’s accounts receivable and inventory, which the firm will use to fund large-volume purchases to grow its business and provide competitive prices for top 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,” said White Oak Managing Director of Factoring, Charles Sharf. “We recognize the challenges and opportunities all businesses face, and we welcome the chance to consult and serve them at every stage.”

White Oak continues to successfully provide flexible financing solutions to clients in the electronics sector and industries throughout the economy and is dedicated to helping businesses make the most of their company assets.

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