Oakhurst Finance, a subsidiary of Southern First Bank, is a specialty finance company providing capital solutions to small and medium-sized businesses (SMBs) across the United States. Focusing on asset-based lending (ABL) and factoring, Oakhurst Finance distinguishes itself by offering flexible and tailored financial products designed to support businesses that may not qualify for traditional bank loans.
The company’s core business revolves around two primary services: asset-based lending and factoring. Asset-based lending utilizes a company’s assets, such as accounts receivable, inventory, and equipment, as collateral for a loan. This allows businesses with significant assets but limited cash flow to access working capital. Oakhurst Finance assesses the value of these assets and provides a revolving line of credit based on a percentage of that value. This line of credit can be used for various purposes, including funding day-to-day operations, making strategic acquisitions, or managing seasonal fluctuations in revenue.
Factoring, on the other hand, involves purchasing a company’s accounts receivable at a discount. Oakhurst Finance essentially buys the invoices from the business and then collects payment directly from the customers. This provides immediate cash flow to the business, eliminating the waiting period associated with traditional invoice payment terms. Factoring can be particularly beneficial for businesses experiencing rapid growth or those operating in industries with extended payment cycles. Oakhurst Finance offers both recourse and non-recourse factoring options, allowing businesses to choose the level of risk they are comfortable with.
What sets Oakhurst Finance apart is its personalized approach. They understand that each business has unique circumstances and financial needs. Their team of experienced professionals works closely with clients to develop customized financing solutions that address their specific challenges and opportunities. This collaborative approach extends beyond simply providing capital; Oakhurst Finance often serves as a trusted advisor, offering guidance and support to help businesses achieve their financial goals.
Oakhurst Finance typically targets businesses within a variety of industries, including manufacturing, distribution, wholesale, transportation, and staffing. They focus on companies with revenues ranging from $2 million to $75 million, seeking funding to support growth, overcome financial hurdles, or capitalize on new opportunities. The company’s affiliation with Southern First Bank provides them with a stable funding source and allows them to offer competitive rates and flexible terms.
In summary, Oakhurst Finance offers a valuable alternative to traditional bank financing for SMBs. Through asset-based lending and factoring, they provide access to much-needed working capital, enabling businesses to manage cash flow, fuel growth, and achieve their strategic objectives. Their personalized approach and deep industry expertise make them a trusted partner for businesses seeking flexible and creative financial solutions.
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