The Hedaya Capital Group recently provided a $1 million factoring facility to a branded and private label women’s sweater and knitwear wholesaler. Since pandemic supply chain challenges, the company has refocused their business on the fall/winter seasons. With a more concentrated selling season, the company needed a working capital partner who could provide flexibility and support.
The company’s principal was referred to Hedaya Capital’s senior advisor, Louis Barone, as well as by a former lender. Barone and principal Alfred Hedaya worked with the owner to structure a custom facility that met his needs, and the trio quickly established a rapport.
“We’re pleased to provide certainty and steady cash flow for this company as they navigate overseas supply chain challenges, global economic uncertainty and fluctuating tariff laws,” Barone said.
The new facility will enable the company to weather seasonal sales fluctuations, providing immediate cash flow from invoices and allowing them to cover costs for new inventory and production during peak seasons without taking on debt.
