The Hedaya Capital Group provided a $1 million factoring and inventory financing facility to a distributor of bedding and home goods.
Based in New York City and operating for 28 years, the company imports bedding and other home textile products from Asia and distribute products under its own in-house brands through various channels, including national department stores, discount retailers and online shopping networks.
The company was transitioning to the second generation of leadership as the founder transferred ownership to his son, who was looking for a new working capital financing partner to help him achieve his goals for the company.
“The new owner appreciated Hedaya’s wholesale and retail expertise as well as our 360-degree, consultative approach as he stepped into the role of CEO for this well-established company,” Alfred Hedaya, president of The Hedaya Capital Group, said. “Our financing facility provides him with peace of mind knowing there is stable and patient capital in place to implement his vision for the future.”
