Gladstone Capital Corporation has bought a loan from one of the existing lenders of Allen Edmonds Shoe Corporation, thus investing $19.5 million in this American manufacturer of premium men's footwear and accessories. Allen Edmonds, a company in the portfolio of Goldner Hawn Johnson & Morrison, was predicting a 20 percent increase in its revenues to $125 million in the past year, according to a recent report in Footwear News, thanks in part to an expanded product range and more colorful and younger designs. Allen Edmonds makes its shoes by hand at its facilities in Wisconsin. Its footwear is available at high-end stores globally, including 43 single-brand shops in the U.S. Gladstone Capital is a business development company that invests in debt and equity securities that mostly consist of senior term loans, second-term lien loans, and senior subordinated term loans in small and medium-sized U.S. businesses.