The Hedaya Capital Group provided a US$5m factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands.
Drawing inspiration from travel around the world, the company uses cutting-edge techniques to bring creative designs to life. They create custom men’s and women’s clothing designs for each customer, selling to discount store chains such as TJ Maxx, Ross Stores and Burlington. As the company grew, they needed a flexible source of working capital to pay suppliers timely, so their accounting firm introduced them to Hedaya.
Hedaya understood the challenges the company faced in the fast-changing 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.
