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White Oak CF Provides $10MM Non-Recourse Factoring Facility to Apparel Retailer

May 05, 2021, 07:09 AM
Filed Under: Retail

White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides high-quality, sustainably minded clothing to partners in the U.S. and abroad.

The funding was secured by the business inventory and accounts receivable to support its rapid expansion and pay down existing debt.

"In a time of disrupted global supply chains, we are proud to fund a domestic retailer that has successfully expanded its business over the last year,” said White Oak's Managing Director Charlie Sharf. “We continue to bring industry expertise and fast working capital to help retail companies weather market volatility and meet customer demands.”

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