Farber is pleased to announce the funding of a $4 million asset-based loan (ABL) to The Shumaker Group of companies.The transaction closed and was announced June 18, 2019.
Farber acted as financial advisor for the retailer and wholesaler in structuring and sourcing a $4 million ABL for the purchase of inventory, in the acquisition of 20 new store locations throughout Ontario, and the financing of accounts receivable for their wholesale operations.
The Shumaker Group is a Mississauga based family-owned, vertically integrated, shoe retailer with a smaller wholesale arm. The family has extensive global expertise in the shoe industry.The Shumaker brand is positioned as a high-quality brand focused on comfort footwear.
Senior Managing Director
Bob Blades is a Senior Consultant with the Corporate Finance group at Farber. He focuses on arranging innovative financing solutions for small and medium-sized enterprises (SMEs) and early-stage companies. Bob can be reached at 647.796.6038 and firstname.lastname@example.org
Glenn Bowman is a Senior Managing Director and leader of the Corporate Finance practice of Farber. His practice focuses on advising clients on acquisitions and divestitures. Glenn can be reached at 416.496.3192 and email@example.com.