White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, announced that it has provided a US$10m senior factoring facility to a leading worker management software company. The facility will be used for working capital to help the company expand on the heels of its own successful equity raise.
"With access to liquidity still a paramount business concern across sectors, WOCF is able to provide flexible financing solutions to leading companies across industries," said Martin Efron, Head of Factoring at WOCF. "Unlocking the potential of our partner companies by providing working capital is at the core of our business purpose, and we are excited to partner with a company that we believe has a positive growth trajectory."
