White Oak Commercial Finance announced its Government Contracting Finance arm provided a $10 million asset-based lending facility to a veteran-owned engineering firm contracting with the New York City Housing Authority. The facility was secured by the firm’s billed accounts receivable and its earned-but-unbilled accounts receivable. The funds will be used for working capital.

“We’re proud to support veteran-owned businesses bringing specialized services to government agencies," said White Oak Head of Government Contract Financing, Kysha Pierre-Louis. “And we look forward to providing them with the scalable funding needed to serve and win new contracts.”

White Oak is dedicated to helping government contracting firms make the most of their assets with flexible and reliable financing throughout their lifecycle and provides them with the deep suite of products, government agency expertise and ready capital they need to invest in growth.