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White Oak Commercial Finance Provides $2MM Non-recourse Factoring Facility to Men’s Apparel Wholesaler

March 28, 2023, 07:51 AM
Filed Under: Apparel

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.

“As the apparel sector navigates continued market volatility, we are pleased to support a company with a strong growth trajectory and strategy that was positioned to benefit from a tailored working capital solution,” said Ethan Rosenblum, Senior Vice President of Originations at White Oak. “Our deep understanding of the apparel sector was a key factor in delivering a customized credit facility that best met our client needs and provided value to all stakeholders.”

The transaction was structured with advances against the wholesaler company’s accounts receivable and inventory. The proceeds will be used to support the company’s continued growth amid mounting economic uncertainty.

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