Invoice factoring
Access working capital before your customers pay. White Oak purchases approved trade and service receivables, providing cash upfront.
Discuss your factoring needs
Working capital
Working capital while you wait for customer payment
Reliable customers can still leave a gap between making a sale and having the cash to meet operating commitments. Your customers have time to pay, while your business may need working capital to keep day-to-day operations moving.
White Oak purchases trade or service accounts receivable, providing cash before your customers pay. Invoice factoring connects financing to those existing receivables, subject to our review and approval. It can help address the interval between cash your business has earned and cash it can put to work.
Growth and cash flow
Support growth and manage cash flow
Support business growth
Access funding to help your business expand and plan its next moves. Financing of up to $250 million is available, subject to review and approval.
Manage longer customer payment terms
Credit lines and funding increases can support operations while your customers take longer to pay.
Assess customer credit risk
White Oak reviews customer orders and analyzes credit to help you assess and manage the risk of bad debt.
Manage seasonal cash flow
Cover seasonal cash needs with flexible financing that accommodates concentrated sales cycles.
Our process
How factoring with White Oak works
The starting point is your company's receivables. Our process brings together the receivables you submit, our review and the cash provided for an approved purchase.
1. Submit your receivables
Share your company's product invoices, service contracts or other trade receivables with White Oak for review.
2. We review and buy approved receivables
We review the receivables and provide quick decisions and flexible solutions on approved receivables. Competitive rates and extended terms are available.
3. Receive cash upfront
For the approved receivables we purchase, we pay you upfront. That brings cash forward from customer payments you would otherwise be waiting to receive.
Funding terms
Put the funding terms in context
The face value of a receivable tells you what your customer owes. The funding decision also depends on how much cash you can use before that customer pays, and when it becomes available. Relate that usable cash to the operating commitment it needs to serve, alongside the total fees and terms of the arrangement. This gives you a practical basis for assessing the value of earlier funding, including when you are comparing it with existing finance.
The same type of receivable can be relevant to different working-capital financing structures, including a purchase, an asset-based facility or an arranged receivables program. A business funding inventory alongside invoices has a different starting point from one seeking earlier payment on approved sales.
Customer-payment arrangements are another part of that decision. Customer communications, payment instructions and collections describe how receivables are administered. Responsibility for a disputed or unpaid invoice concerns how risk is allocated under the agreement. Understanding both helps you assess what the arrangement means for your customer relationships and the responsibilities that remain with your business. For businesses seeking support with day-to-day receivables administration, White Oak's outsourced accounts receivable management service includes cash application, bookkeeping and reporting.
Industry reach
Factoring across industries
We finance a broad range of industries from coast to coast, including businesses with product invoices or service receivables. Industries we finance include:
- Apparel
- Automotive
- eCommerce
- Electronics
- Food & Beverage
- Homewares
- Furniture
- Staffing
- Telecom
Track record
Financing that develops with the business
White Oak Commercial Finance announced a $15 million increase to a $10 million factoring facility, bringing it to $25 million for a worker management software company. The original facility followed a successful equity raise and was intended to support the company's expansion. The expanded facility was intended to provide working capital for growth in artificial intelligence.
The example shows how factoring capacity developed alongside a company's funding needs, with a further commitment following the original facility.
White Oak financing examples
| Amount | Financing | Business |
|---|---|---|
| $8m | Credit Facility with Inventory Advances | Global Automotive Parts Supplier |
| $5m | Receivables Financing Facility | Telecom Services |
| $10m | Inventory Finance Facility | Global Electronics Wholesaler |
| $35m | Resource Facility with Line of Credit | Home Appliance & Housewares |
Get in touch
Talk with our factoring specialist
Tell us about your receivables and the working-capital need behind them. Start a conversation with Martin Efron about how factoring could serve your business, including the amount and timing of cash you need and the terms of a possible arrangement.
Martin Efron
Head of Factoring, White Oak Commercial Finance, LLC