The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer that offers a collection of brands. As the company grew, it needed a flexible source of working capital to pay suppliers timely, so its accounting firm introduced it to Hedaya.
Hedaya understood the challenges the company faced in the apparel industry, as well as lingering COVID-induced supply chain issues. Hedaya’s flexibility in structuring the facilities gave the company the immediate cash flow it needed, a better way to structure supplier payments and the ability to develop better relationships with factories.
