Hero Fund seeks to meet the lending needs of entrepreneurs not served by traditional lenders.
Portland, Ore. —Meriwether Group Capital (MWGC) today announced ‘Hero Fund’ financing in the form of a capital loan to PAYNTR Golf, a performance-based golf footwear brand. The funding will support PAYNTR Golf’s drive for growth and development, enabling access to the capital required to take advantage of future opportunities as the company ended 2022 as North America’s fastest growing golf footwear brand.
PAYNTR Golf delivers groundbreaking performance products designed for the needs of the golfer by fusing innovation and style. They have successfully connected to the athlete with passion, empathy and an in-depth knowledge of sport. The global golf market was primed for a new competitive entry as PAYNTR Golf identified a void in performance footwear for golfers. Their team brings a distinctive product legacy, an unyielding commitment to the athlete, and a proven business philosophy to a market much in need of new discovery.
MWGC’s ‘Hero Fund’ focuses on small to mid-sized companies that meet the fund’s revenue qualifications and financial needs. Leading the effort is Meriwether Group Capital Founder & Fund Manager, Jamie Shulman, who brings more than 25 years of commercial banking experience to the business. Partnering with him are Seattle-based First Fed Bank, a division of First Northwest Bancorp (Nasdaq: FNWB), and Meriwether Group, led by David Howitt.
About PAYNTR Golf
Based in Portland, Oregon, PAYNTR GOLF designs, markets and distributes golf footwear and accessories created to enhance the performance of the golfer. Founded by three long-time sports performance footwear experts, David Paynter, Mike Forsey, and Michael Glancy, PAYNTR GOLF is guided by the principle, “Performance Multiplied,” whereby it innovates by taking contrasting elements and multiplying them to get a solution. PAYNTR GOLF products are available in the U.S. and the UK at www.payntrgolf.com and www.payntrgolf.eu, respectively.
PAYNTR GOLF launched its first products in March of 2021 with the PAYNTR X 001 F as the company’s debut offering in the golf market. The shoe fuses together a series of contrasting elements to allow golfers to optimize and harness power from the ground up. PAYNTR GOLF labels this as the Performance Multiplied innovation ethos: Force x Velocity = Power. PAYNTR GOLF delivers 3D traction which allows golfers to control linear motion, resist rotational movement, and more effectively use vertical ground forces.
PAYNTR GOLF’s product line includes performance shoes, gloves, headwear, socks, as well as a golf bag in partnership with Vessel. Their groundbreaking products are currently available for purchase on the company’s website and select retailers.
About Meriwether Group Capital
Meriwether Group Capital (MWGC) is a commercial lender with a focus on Pacific Northwest businesses seeking loans outside the criteria for traditional banking. Founded in 2022, its Hero Fund serves companies with $2 to $75 million in revenue seeking $500,000 to $5 million to capitalize on business opportunities and realize their potential while maintaining equity and control. The company is a partnership between Jamie Shulman, a former commercial banker with more than 25 years of experience in the market, Seattle-based First Fed Bank, a division of First Northwest Bancorp (Nasdaq: FNWB), and Portland-based Meriwether Group. The company is in the Slabtown neighborhood of NW Portland and can be reached at 503-223-9062.
