Founded in 1946, the Sebago® Company was started by three New England natives and friends: Daniel J. Wellehan Sr., William Beaudoin and Joseph Cordeau. The first shoe they released was a hand-sewn penny loafer. Sebago’s® penny loafer was inspired by the popular Indian moccasin and featured the company’s patented welt construction. It was a BIG success. With a firm foundation in quality and style, the Sebago® Company started to expand quickly.