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White Oak CF Delivers $3MM Recourse Factoring Facility to Transportation Factor

April 22, 2021, 07:22 AM
Filed Under: Factoring News

White Oak Commercial Finance delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry.

The company has been in business since 2015, and the funding was secured against its accounts receivable and will support its growing portfolio and accelerate its expansion.

"We are proud to help fuel this financing company’s growth with fast capital and we look forward to our continued partnership as it expands its book in transportation and trucking,” said White Oak Executive Vice President, Martin Efron. “We recognize the complex needs of factors, and we are ready to provide them with hands-on guidance and scalable solutions essential to their success.”

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