White Oak Commercial Finance Provides Asset-Based Loans of $25MM and $20MM+ to Oilfield Support Company and National Industrial Services Firm

NEW YORK, Sept. 26, 2017 /PRNewswire/ -- White Oak Commercial Finance, LLC (WOCF), one of the nation's leading lenders to the middle market, announced today that it has recently closed two new Asset-Based Loan Facilities for Houston-based service businesses – the first, to a preeminent provider of environmental clean-up services and industrial safety solutions and the second, to a growing company in the oilfield service sector.

WOCF has provided the environmental service company with a $20,750,000 three-year facility that will enable the company to refinance and consolidate debt, make needed equipment purchases, and satisfy the working capital demands of the business. This credit facility will meet the needs of the business today and provide for future growth. WOCF is the sole lender.

The $25,000,000 Asset-Based Facility is for a company providing both wireline and artificial lift services for oil well operators. This company is owned by a major Private Equity Fund and is experiencing strong demand for their services. The facility will be used to support working capital growth and future expansion into new markets demanding this crucial service. WOCF is the sole lender.

"An increasing number of companies in the middle market are turning to WOCF to support their business objectives and growth," said Robert Grbic, President and Chief Executive Officer, White Oak Commercial Finance. "Our deep expertise in complex financing structures, combined with our creative and flexible approach, makes us an attractive partner to organizations that require quick access to financing."

Gerard Hanabergh, Managing Director, White Oak Commercial Finance, stated, "The WOCF platform is proving to be extremely attractive to services companies across a variety of industries in need of working capital solutions. Our strong underwriting capabilities, combined with an experienced management team and the fact that we are not tethered to a bank, is a powerful combination that is resonating in the marketplace."

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