GOVERNMENT FINANCE

White Oak Commercial Finance Provides $5 Million Factoring Facility to Government Contractor

White Oak Commercial Finance | November 19, 2021

Government Contractor
White Oak Commercial Finance, LLC , an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. Government and subcontractors.

The transaction was structured against the company’s receivables to fuel its rapid growth and secure new government contracts of increasing size and complexity.

“White Oak was able to deliver a flexible and scalable financing solution that will help the company expand and take on new and larger contracts with confidence. We are proud to support this deserving business at such an important stage of its growth.”

White Oak Managing Director, Robert Mocerino

White Oak is dedicated to helping government contractors make the most of their assets with its federal, state, and local contracting know-how, hands-on consulting, and ready capital up to $250 million.

ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy. WOCF’s solutions include asset-based lending, full-service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the U.S., UK, and Australia, including New York, San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients.

ABOUT WHITE OAK GLOBAL ADVISORS
White Oak Global Advisors, LLC (WOGA) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers.

Spotlight

The Indiana state sales tax yielded over $6.8 billion in fiscal 2013, roughly 40 percent of total Indiana state tax revenue, over a third more than yielded by the second most productive tax (the individual income tax), and more revenue than from any source outside of federal aid. Figure 1 shows the trend toward greater retail sales tax reliance over the years since 1970, when only around 20 percent of tax revenue came from the tax. Whether by design or by policy accident, Indiana has substantially shifted toward heavier use of the sales tax in support of state services, making it the foundation for the state revenue system. The tax applies to retail transactions involving tangible personal property, public utility services, renters of accommodations for less than 30 days, and renters of other properties at a rate of 7 percent, one of the highest statutory tax rates in the United States. The previously noted high reliance is possible only with this high rate because of the narrowness of the sales tax base. Competitive problems that might otherwise emerge with this high rate are mitigated somewhat because, in contrast to the adjacent states of Ohio and Illinois (and many other states), Indiana localities may not levy their own sales taxes, so the state rate is the only rate applied to taxable transactions. This absence of local rates makes the sales tax much less complicated for consumers, vendors, and tax administrators. Given the importance of the tax for support of government services in Indiana, it is imperative that the tax be structured in a way that does least damage to the economy and citizens of the state. Although Indiana lawmakers have avoided many of the more egregious structural elements found in a number of other state sales taxes, the Indiana structure is not now fully appropriate to the conditions of the twenty-first century. Reasonable reforms can make the tax both simpler to operate and a more robust revenue source. Although many tax experts would agree with Richard Bird that the retail sales tax “is now an aberration in the world perspective,”1 it is an American and Hoosier institution with a firm place in the revenue profile. As such, it is important to structure the tax so that it avoids the worst of the problems that cause it to merit that low international regard.


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Microsmallcap | November 10, 2022

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EMERGING TECHNOLOGY

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ModMed | November 11, 2022

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EMERGING TECHNOLOGY

Volta Collaboration Awarded ARPA-E Funding to Commercialize Next Generation Fast Charging Technology Aligned With Bipartisan Infrastructure Law

Volta | November 24, 2022

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EMERGING TECHNOLOGY

Mobile Mentor Awarded GSA Contract by the US Government

Mobile Mentor | November 25, 2022

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Spotlight

The Indiana state sales tax yielded over $6.8 billion in fiscal 2013, roughly 40 percent of total Indiana state tax revenue, over a third more than yielded by the second most productive tax (the individual income tax), and more revenue than from any source outside of federal aid. Figure 1 shows the trend toward greater retail sales tax reliance over the years since 1970, when only around 20 percent of tax revenue came from the tax. Whether by design or by policy accident, Indiana has substantially shifted toward heavier use of the sales tax in support of state services, making it the foundation for the state revenue system. The tax applies to retail transactions involving tangible personal property, public utility services, renters of accommodations for less than 30 days, and renters of other properties at a rate of 7 percent, one of the highest statutory tax rates in the United States. The previously noted high reliance is possible only with this high rate because of the narrowness of the sales tax base. Competitive problems that might otherwise emerge with this high rate are mitigated somewhat because, in contrast to the adjacent states of Ohio and Illinois (and many other states), Indiana localities may not levy their own sales taxes, so the state rate is the only rate applied to taxable transactions. This absence of local rates makes the sales tax much less complicated for consumers, vendors, and tax administrators. Given the importance of the tax for support of government services in Indiana, it is imperative that the tax be structured in a way that does least damage to the economy and citizens of the state. Although Indiana lawmakers have avoided many of the more egregious structural elements found in a number of other state sales taxes, the Indiana structure is not now fully appropriate to the conditions of the twenty-first century. Reasonable reforms can make the tax both simpler to operate and a more robust revenue source. Although many tax experts would agree with Richard Bird that the retail sales tax “is now an aberration in the world perspective,”1 it is an American and Hoosier institution with a firm place in the revenue profile. As such, it is important to structure the tax so that it avoids the worst of the problems that cause it to merit that low international regard.

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