The Hedaya Capital Group recently provided accounts receivable financing to a family-owned wholesaler specializing in branded and unbranded pet products. The Company sells pet apparel, accessories and supplies to customers throughout the United States. In business for more than 35 years, the Company had recently transitioned leadership from the founder to second-generation management. The new Chief Executive Officer hired a Chief Financial Officer to meet the evolving needs of the business and ensure disciplined growth in this crucial phase of the Company’s lifecycle.
The Company had a strained relationship with their funding source and was looking for a new financing partner which understood their unique needs and could provide a scalable working capital solution. Knowing the CEO’s desire to build a long-term funding relationship, a family member introduced him to Hedaya Capital. After getting to know the Company’s new management team, Hedaya’s principals recognized their potential for growth and believed in their entrepreneurial spirit.
“I met with the CEO several times and was impressed with how he was improving the financial condition of the business as well as his dynamism and ingenuity in creating products and brands in the pet space,” said Hedaya Capital Co-Founder Alfred Hedaya. “Over the course of our discussions, I also met and spoke with the founder and gained additional confidence knowing that the Company would benefit from his continued experience and advice. We were very excited to bring them on as a client.”
Hedaya Capital’s facility enabled the Company to invest in product design, inventory, payroll, and day-to-day operations while concentrating on strategic growth plans.
“While we’ve only been working together for a short time, I find Hedaya’s principals to be responsive, honest, hardworking people who are easy to work with and who look for real solutions to help me grow my business.” -Company CEO
