Hedaya Capital Provides a $1,000,000 Factoring Facility to a Utah-Based Hand Wear Company for Winter Sports
October 7, 2025 - The Hedaya Capital Group recently provided a $1,000,000 Factoring Facility to a Utah-based hand wear company for winter sports such as skiing and snowboarding. They design and manufacture a range of sport gloves and mittens, from high-end all-leather to fully synthetic with less insulation.
The Company was launched by four snowboard riders and creators who spent their careers shaping the snowboarding industry through design, product innovation, and pure passion for riding. They began with grassroots sales in ski resort parking lots; then a 2016 appearance on Shark Tank gave them visibility and a critical mass of online sales. A decade later, they now sell through retailers in 12 countries such as European chain Blue Tomato and Japanese retailer Murasaki Sports, through e-tailers in the U.S. and Canada such as BackCountry.com, and direct to consumers.
In 2024, the Company’s preorders from global distributors and wholesale customers resulted in 120% year over year growth. Their traditional bank lending source announced they couldn’t keep pace with that level of growth, just as the Company was planning for the upcoming 2025 winter season. Adding to funding pressure, the Company had already paid a 25% down payment to their factory in China to manufacture pre-orders.
“It was terrifying for a while,” said the Company CFO and one of the founders. “If we didn’t find new funding to pay for inventory that was already being produced, we would have gone out of business.”
The CFO set off to find a lender that could scale with them amidst global economic uncertainty and fluctuating tariff laws. Many P.O. lenders were hesitant to work with a new client in those circumstances, and one recommended Hedaya Capital Group and Senior Advisor Louis Barone. From Hedaya’s initial response and conversation, the CFO immediately knew Hedaya understood what the Company was going through and that they had helped clients in similar situations.
“From day one, they brought a no-nonsense, solutions-focused approach and stood by us through numerous challenges,” said the Company CFO. “They secured the financing we needed to pay our overseas factory, release our inventory, and fulfill purchase orders from over 400 retailers across 12 countries. At one point, I told them our business was literally in their hands — and they treated it with the same care and urgency we would. Hedaya didn’t just finance us — they partnered with us. Their experienced, humble, and genuinely caring team helped us reach the finish line, and we look forward to working with them for many years to come."
Hedaya Capital’s $1,000,000 Factoring Facility enabled the Company to successfully release their goods on schedule, ensuring a smooth season for customers without disruption. In addition, Hedaya introduced the Company to a major credit insurance company and to a P.O. finance company to finance their international sales to foreign distributors with a seamless transition.
Backed by Hedaya’s funding, the Company is positioned for accelerated growth and projects another record year with strong momentum heading into 2026 pre-orders.
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.