Hedaya Capital Provides $1 Million Facility to an Innovative Shoe Brand
May 21, 2024
Source: The Hedaya Capital Group
The Hedaya Capital Group provided a $1 million factoring facility to a footwear company that created a new category in the space with a shoe that sits at the intersection of the driving loafer and the boat shoe. Based in Dallas, the lightweight, waterproof and fashion-forward shoe brand launched on Kickstarter in 2017. Almost immediately, they began to expand domestically and internationally online and opened a flagship retail store in the United States in 2022.
The Company required an additional capital investment to continue to grow, and their accountant referred them to The Hedaya Capital Group. As the Company’s management team learned more about Hedaya, the CEO realized he had previously worked with the principals’ uncle. Discovering the Hedaya principals were cut from the same cloth as their uncle, a shoe industry veteran known for his honesty and integrity, the CEO felt a sense of ease and knew that he could trust their simple, easy process.
Having a patient working capital provider who supported their vision and had the scalable capital to support their growth plan provided the shoe brand the solid foundation they needed to further expand their customer base and business.
About The Hedaya Capital Group
Since 2003, The Hedaya Capital Group has been providing flexible financing solutions that enable companies to maximize growth and respond to transitional situations. As a family-owned and operated firm, we are deeply invested in the success of each of our clients. We work from a core of old world values where ethics have meaning and new world thinking where speed and flexibility ensure success. For more information, visit www.hedayacapital.com.