Becoming a sock star with pathway lending crescent sock company

Crescent Sock Company is a 121-year-old sock mill in rural Niota, Tennessee.  Founded to create jobs in its small community, it is now managed by the fourth generation of the founder, Cathy Allen, with support from her sister, Sandra Boyd, and nearly 100 employees. Strategically located near the train depot, the location was optimal for receiving raw materials and distributing finished goods in the early days.

In 2017, Crescent Socks connected with Pathway Lending for financing to fund seasonal needs for raw materials and product. Not only did the sock mill receive funding, but Cathy and her team received technical assistance from senior business advisors. The long-standing relationship with Pathway enabled Crescent Socks to receive the operating support it needed to succeed and grow.

In 2021 Crescent was the recipient of Pathway’s Impact Award. In mid-2022, Cathy joined Pathway’s Ignite 360, a 6-month program led by a board of directors, including business advisors, to focus one-on-one with a focus on strengthening and strategically positioning their business for growth and opportunity. The developments emerging from the program include implementing an HR 360 Review and a Waste and Quality Program, expanding the team, and strategizing hiring, bonus plans, and a revamped marketing strategy.

“To us, our relationships with clients, vendors, and employees mean everything. And now, Pathway is another one of our ‘family’ relationships,” says Cathy.

This family-owned business has a strong reputation for delivering high-quality products.  They believe that being a responsible company means not only serving their customers, but also serving their employees and community.

Connect with our team to learn more about the lending solutions and learning programs that can help your business grow! Check out our 2022 annual report for more client profiles and impacts!