Xero Shoes announced the successful completion of a $2.318M debt transaction with JPMorgan Chase Bank. Xero Shoes plans to use this debt capital to support its growth, increase its product line and marketing efforts, and refinance existing debt.
According to reports, Xero Shoes has three-year growth of 617%, with 2017 sales of $5.53M. Xero Shoes co-founder and CFO, Lena Phoenix, adds, “We expect that 2018 will again show the rapid growth we’ve seen in the last three years.”
This year, Xero Shoes was #818 in the Inc. 5000 (up from #1753 last year), was named one of the 50 Colorado Companies to Watch, was recognized as one of the top 100 Women Owned companies in Colorado, and was a Biz West Mercury 100 winner for the third time in three progressively higher revenue categories.
