White Oak Acquires Federal National Commercial Credit, Inc. (FNCC)

SAN FRANCISCO and NEW YORK, Feb. 07, 2018 (GLOBE NEWSWIRE) -- White Oak Global Advisors, LLC on behalf of its institutional clients (collectively “White Oak” or the Company), announced today that White Oak has acquired Federal National Commercial Credit, Inc. (“FNCC”), a specialized commercial finance company providing government receivable financing, commercial factoring and asset based loans to small and middle-market companies. Established in 1992, FNCC is an industry leader in providing financing solutions for companies that are doing work for the federal government. The acquisition expands White Oak’s asset-based lending product offerings and capabilities to serve new government and factoring clients.

read more

Kysha Pierre-Louis Has Been Appointed as Chief Credit Officer

Federal National Commercial Credit (FNCC) is very pleased to announce that Kysha Pierre-Louis has been appointed to the role of Chief Credit Officer. Joining Federal National in 2015, Mrs. Pierre-Louis brings over 20 years of experience in Asset Based Lending, Commercial Finance, Corporate Banking and Business Banking. Before joining Federal National Pierre-Louis worked at HSBC in Corporate banking, managing a $900 million Asset Based Lending portfolio of National and International, Fortune 500, Fortune 100 and larger corporate companies. While at HSBC, she also served as Co-Chair of the Women’s Network and was selected as the 2011 Diversity Ambassador.  Mrs. Pierre-Louis holds a B.A. in Economics and Government from Smith College, is the Vice president of the PTA board and a past Board Member of the Prince Georges County Chamber of Commerce.

read more

Four Recent Fundings Have Been Announced

Federal National Commercial Credit (FNCC) is pleased to announce the recent funding of these new clients.  These companies represent a sample of the types of creative financing solutions provided by Federal National.

read more

​Federal National Commercial Credit Announces the Recent Funding of a $4,000,000 Asset Based Line of Credit

Federal National Commercial Credit is pleased to announce the recent funding of a $4,000,000 Asset Based Line of Credit, with a $2,000,000 Inventory sub-limit, to a Southern California based wholesale distributer.  The company was seeking to replace their existing credit bank line.  After other bank options failed, the Federal National team was able to provide a structure that the met the companies borrowing requirements.  Federal National recognized the opportunity and provided a new credit facility that will allow for improved working capital as the company realizes its growth potential.

read more

Rhonda Clarke Promoted to Operations Manager

Federal National Commercial Credit is pleased to announce that Rhonda Clarke has accepted a new position as Operations Manager. Ms. Clarke has been a key contributor to the Federal National operations team for a number of years. Over the years Ms. Clarke’s knowledge, demeanor, and leadership have been instrumental in leading Federal National through a variety of transitions.  Her focus on service has set the standard for both clients and co-workers.  As the company continues its expansion plan, this new role will be vital to the companies continued success.  

read more

​Federal National Commercial Credit Announces the funding of a $2,500,000 ABL Line of Credit to a Temporary Staffing Company

Federal National Commercial Credit (FNCC) is pleased to announce the recent funding of a $2,500,000 ABL Line of Credit to a 3-year-old Temporary Staffing Company located in Southern California.  This new client was in need of a larger credit facility and a more advanced lending structure than what their current lender was providing.  FNCC was able to recognize the opportunity and provide a new facility that will provide adequate working capital as the company realizes its growth potential.

read more

Todd Waldrip has Joined FNCC as a Senior Business Development Officer in Birmingham, Alabama

Federal National Commercial Credit is pleased to announce that Todd Waldrip has joined the company as a Senior Business Development Officer in Birmingham, Alabama. Waldrip has cultivated an extensive network in the south-east. His history of success arises from his thoughtfulness and experience in crafting financing solutions for small and medium-sized businesses. Mr. Waldrip’s primary market consists of Alabama, Tennessee, and Mississippi though he assists clients nationwide. Before joining Federal National, Mr. Waldrip worked at Crestmark Bank, Summit Financial Resources, Advance Financial Corporation, and Regions Bank. 

read more