After ten months of working to secure working capital, headwear maker Flat Fitty, LLC has received $500,000 from CapFlow Funding. Flat Fitty CEO Tian Waters says the company has scaled back its operations to refocus efforts on its core competencies of delivering premium headwear, versus chasing different segments of the market, and is expecting to reemerge in the coming months with several strong new initiatives.
Stay tuned for an interview with Waters shortly.
Here’s the release from CapFlow:
CapFlow Funding Group announced that it closed a $500,000 working capital facility for Flat Fitty, LLC. The facility provides liquidity to Flat Fitty in the form of purchase order finance and factoring and will assist in the headwear manufacturer's aggressive growth strategy. "CapFlow is pleased to enter into the working capital facility with Flat Fitty. We believe that this transaction will enable the management team to execute its strategy to become the premiere global manufacturer of premium headwear" said Timothy Loughlin, Managing Partner at CapFlow Funding.
"Flat Fitty earned a widespread reputation for providing superior products in the Lifestyle & Activewear market, but was hampered by its limited capital. CapFlow quickly realized the Flat Fitty's potential and organized a facility that meets the Company's immediate working capital needs and will allow it to address its robust pipeline."
Flat Fitty has been designing, producing and delivering high quality headwear globally since 2005. The company is headquartered in Carlsbad, CA.