White Oak Commercial Finance Unveils New Asset-Based Lending Offering Dedicated To the Staffing Sector

NEW YORK, Nov. 28, 2017 /PRNewswire/ -- White Oak Commercial Finance, LLC (WOCF), one of the nation's leading lenders to the middle-market, announced today that it has launched a new asset-based lending offering designed for the staffing sector.

WOCF has been providing working capital financing products to staffing companies for decades, and is now formalizing its staffing product given the tremendous demand in the market.  WOCF is committed to helping staffing companies get the working capital they need to cover the gap in time between when a client pays its staffing company and the company's payment to its talent, as well as for managing overhead costs.

"As White Oak Commercial Finance continues to expand our asset-based lending offering and builds out a team of ABL experts, we see tremendous opportunities in the staffing sector," said Robert Grbic, President and Chief Executive Officer of WOCF.  "Our offices in New York and Los Angeles are well-positioned in geographic areas that have a high concentration of staffing companies. Combine this with an increasing number of staffing companies in the middle-market turning to our services, and there is an opportunity to create a dedicated offering."

Gerard Hanabergh, Managing Director, WOCF, added, "We have the ability to customize products based on the unique needs of each staffing firm client, and complete underwriting quickly to get them funded fast. As the gig economy gains more traction and workers look for more flexibility, companies are increasingly turning to staffing firms and WOCF is ready, willing and able to fund that growth."

WOCF, formerly Capital Business Credit, was acquired by White Oak Global Advisors, LLC on behalf of its institutional clients in late 2016. Today WOCF has over $300 million of assets deployed with office locations in New York, Charlotte, Chicago, Fort Lauderdale, Los Angeles, Hong Kong and Shanghai.

ABOUT WHITE OAK COMMERCIAL FINANCE, LLC 
White Oak Commercial Finance, LLC is a global financial products and services company providing credit facilities to middle market companies between $1 -$30 million. WOCF's solutions include asset-based lending, full-service factoring, invoice discounting, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support. WOCF is an affiliate of White Oak Global Advisors, LLC, and its institutional clients. More information can be found at www.whiteoaksf.com.

ABOUT WHITE OAK GLOBAL ADVISORS, LLC
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors, LLC's disciplined investment process aims to deliver risk-adjusted investment returns for our investors while establishing long term partnerships with our borrowers.  More information can be found at www.whiteoaksf.com.

SOURCE White Oak Commercial Finance, LLC

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