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White Oak Government Contracting Finance Delivers $4.5MM ABL to Mechanical Products Distributor

April 29, 2021, 07:10 AM
Filed Under: Distribution

White Oak Commercial Finance's Government Contracting Finance arm provided a $4.5 million asset-based lending facility to a mechanical products distributor that sells to Fortune 500-listed companies.

The facility was secured by the firm’s accounts receivable and inventory, and the funding will be used for working capital, financing growth and securing government contracts as it ventures into serving federal, state and local agencies with its products and services.

“White Oak is proud to support the firm with our flexible solutions and government contracting insight as it pursues new business opportunities,” said White Oak’s Head of Government Contract Financing, Kysha Pierre-Louis. “We believe our partnership approach to financing and ready capital will benefit the company in its continuing growth.”

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