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White Oak Provides $5MM Receivables Financing Facility to Telecom Services Company

December 01, 2020, 08:30 AM
Filed Under: Telecom

White Oak Commercial Finance provided a $5 million receivables financing facility to a telecommunications and electrical contracting company that provides integrated voice and data cabling infrastructure solutions nationwide.

The transaction was structured as a recourse factoring facility secured by the company and its three subsidiaries’ accounts receivable. The funding supports the four entities’ continued growth and their ongoing working capital.

White Oak continues to successfully fund businesses across a wide range of industries and at every stage of their growth with flexible and scalable financing, and helps them make the most of their assets with industry expertise, a deep suite of products and ready capital.

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