The Hedaya Capital Group recently provided a $2 million factoring facility to a New Jersey-based, minority-owned design and manufacturing firm in the apparel and merchandising industry, supporting continued growth through a critical lender transition.
The company’s previous lender was sunsetting their involvement in the sector and reached out to Hedaya Capital to assist in transitioning the company to a new lending partner. The Hedaya team conducted due diligence quickly and structured a $2 million factoring facility to enable the company to maintain its current level of growth.
“This company really resonated with the team and with the Hedaya family history of being both business owners and lenders,” David Huber, vice president, portfolio and operations manager at Hedaya Capital, said. “The transition was seamless and we are all looking forward to seeing how they continue to evolve.”
The new facility enables the company to buy more material, design and manufacture more apparel, cover shipment costs and meet payroll, positioning it to sustain its growth trajectory and strengthen retail partnerships.
