In a bid to capitalise on the demand for flexible SME funding as the UK and Europe emerge from Covid-induced hibernation, White Oak Commercial Finance Europe is pushing into the market with a website launch.
The provider of senior secured financing to SMEs and mid-market firms across the UK and Europe said the website is aimed at key business introducers and end-user businesses and offers a range of facilities, including asset-based lending and invoice finance options.
The provider’s full asset-based lending proposition enables clients to release working capital against receivables, inventory and property, top-up cashflow levels or access an additional funding stream for plant and machinery, with no restrictive formula against the mix of assets funded.
The business conducts transactions of between £500k and £200m, covering a range of scenarios from working capital, growth funding and mergers & acquisitions (M&A), to turnaround scenarios, refinance and restructuring, seasonal cash flow shortfalls and bridging to longer-term stability.
The funding team also has access to the Coronavirus Business Interruption Loan Scheme (CBILS), a scheme managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS), through, White Oak UK, an approved provider.
White Oak Commercial Finance Europe is an affiliate of White Oak Global Advisors, a US-based SEC-registered investment firm and private credit firm established in 2007.
Neil Jones, head of sales at White Oak Commercial Finance Europe, said: We believe this launch offers greater capacity for businesses looking for a global provider that can service an array of senior secured facilities to corporates across a variety of jurisdictions.”
Andre Hakkak, chief executive of White Oak Global Advisors, said: “The UK and broader Europe represent a tremendous growth opportunity for the platform. We have strong demand from both borrowers in the region requiring financing and investors seeking yield in an uncertain market environment.”
White Oak Commercial Finance Europe is keen to work with corporate finance introducers, debt advisory firms, restructuring houses, private equity firms, brokers, and corporates to provide a mix of asset-based lending (ABL), invoice finance, receivables purchase programmes (RPAs) and supply chain options to businesses.
Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers.