Hedaya Capital is pleased to announce an advance factoring facility provided to an Italian Kosher Food Company, projecting $10,000,000 in sales.
The company manufactures and distributes certified kosher ravioli, gnocchi, pizza, desserts, ice cream, and other food products made in Italy. This client was brought in by our new business development officer Irwin “I.D.” Dayan; who comes to us with 15 years’ experience serving as the Executive Director of Exceed Network; a premier community-based business advisory and assistance organization, now at Hedaya Capital Irwin is assisting rapidly growing companies with factoring and financing solutions.
The company was founded in Milan, Italy by an emigrant from the U.S. As the company expanded, it established a U.S. entity in order facilitate distribution and financing in America. The company needed additional working capital in order to build inventory to fulfill growing customer purchase orders, as well as to fund development of new product lines.
We are proud of Irwin being able to put this $2,000,000 facility together as the client was delivering its product into the U.S. through a mid-sized distributor with limited credit capacity. Through our credit department Irwin was able to get the approved customer credit line increased, as well as secure a supplemental credit insurance policy for additional coverage over and above the factor approval.
Since 2003, Hedaya Capital Group, Inc. has been providing entrepreneurs with working capital solutions to help grow and protect their businesses. We help businesses grow with our 360° approach, all factors surrounding our client’s business matter. We treat clients with time-tested old school values and offer new school thinking.