The Hedaya Capital Group provided a $1 million factoring facility to a Utah-based hand wear company for winter sports such as skiing and snowboarding.
In 2024, the company’s preorders from global distributors and wholesale customers resulted in 120% year-over-year growth. Its traditional bank lending source announced it couldn’t keep pace with that level of growth, just as the company was planning for the upcoming 2025 winter season. Adding to funding pressure, the company had already paid a 25% down payment to its factory in China to manufacture pre-orders.
“It was terrifying for a while,” the company’s chief financial officer and one of its founders said. “If we didn’t find new funding to pay for inventory that was already being produced, we would have gone out of business.”
The CFO set off to find a lender that could scale with them amidst global economic uncertainty and fluctuating tariff laws. Many P.O. lenders were hesitant to work with a new client in those circumstances, and one recommended Hedaya Capital Group and senior advisor Louis Barone.
“From day one, they brought a no-nonsense, solutions-focused approach and stood by us through numerous challenges,” the company’s CFO said. “They secured the financing we needed to pay our overseas factory, release our inventory and fulfill purchase orders from over 400 retailers across 12 countries. At one point, I told them our business was literally in their hands — and they treated it with the same care and urgency we would. Hedaya didn’t just finance us; they partnered with us. Their experienced, humble and genuinely caring team helped us reach the finish line, and we look forward to working with them for many years to come.”
Hedaya Capital’s facility enabled the company to release its goods on schedule. In addition, Hedaya introduced the company to a major credit insurance company and to a P.O. finance company to finance its international sales to foreign distributors.
