Dagne Dover co-founder Deepa Gandhi didn't want to spend the week of her wedding securing a business loan. But in the fall of 2017, she found herself doing exactly that. A third-party logistics company holding Dagne's inventory of ecofriendly handbags and backpacks had hit the business with an unexpected bill and had the ability to halt shipments if it didn't receive payment. Paying the bill would deplete Dagne's cash reserves, but not paying could have delayed delivery of customer orders.
Founded as a direct-to-consumer brand in New York City in 2013, Dagne Dover had a $1 million line of credit from asset-based lender Dwight Funding, but needed a supplemental loan to pay the bill. Gandhi called Dwight, which approved a new six-figure loan within 24 hours, allowing her to return to wedding preparations.
Esta historia es de la edición November 2024 de Inc..
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 2024 de Inc..
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Karen Dillon
I moved my wedding to attend a company offsite. It was a terrible decision, but a vital lesson on balance.
The Ultimate Home-Based Business
Thirty years since her breakout on Friends, Courteney Cox is taking on a new role-entrepreneur.
An Uphill Battle
Zwift has been through layoffs and a leadership change in 2024, but co-founder and CEO Eric Min says he's learned that building a startup, like cycling, is an endurance test.
The GLOW UP
How Glossier broke free from DTC, survived the skeptics, and finally achieved profitability.
The Snack That Gives Back
With a new partnership, SkinnyDipped is supporting women founders worldwide.
A New Path to SuCCESS
AllTrails may have achieved the impossible-an app that truly helps you get away from it all.
The Back-lash Survivors
Don't challenge Elizabeth Gore and Carolyn Rodz to a game of highs and lows. The Hello Alice co-founders will win-by a long shot.
The Spa Surge
Prime IV Hydration & Wellness has successfully weathered stormy waters.
Riding the Waves
With Beehiiv, Tyler Denk built a buzzy newsletter platform and a brash online persona. Both are lucrative.
Home Economics
How Chairish brought the circular economy to furniture.
