White Oak Commercial Finance provided a $10 million non-recourse factoring facility to a manufacturer and importer of private label apparel products.

The transaction was structured with advances against the company’s accounts receivable, and the proceeds will be used for its working capital.

“We took a hands-on approach to understand the company’s short and long-term goals and recognized its unique strengths,” said White Oak Vice President Ethan Rosenblum. “Our retail know-how enabled us to find a creative structure to help the business achieve and exceed pre-pandemic volume and profitability.”

White Oak is dedicated to helping retail companies at every business stage make the most of their assets with its deep suite of products, hands-on consulting and ready capital up to $250 million.