Thread Consolidated Expansion Loan
Thread Consolidated Expansion Loan
About This Project
| Division: | Baltimore Roundtable for Economic Democracy (BRED) |
|---|---|
| Co-op: | Thread Coffee Roasters |
| Status: | Active |
| Amount: | US $98,564.63 |
| Location: | Baltimore, United States |
| Signing date: | January 1, 2020 |
Consolidation of existing loans to decrease administrative overhead, with a focus on one repayment type.
Details
Thread Coffee continues to grow their wholesale clients. This loan will allow for the following:
- Two new computers $2000
- Website development $2000
- Coffee visit & professional development $6000
- Bulk Grinder $10,000
- Marketing & Sales Position $10,000
- Working Capital $10,000
The above will allow Thread to improve efficiency needs, and meet their increasing customer demands. The consolidation of loans 1476, 1477 and 2870 will streamline their loan repayment process, reducing their administrative overhead.
Other Loans to This Co-op
| February 5, 2020 | US $25,000.00 | Completed | This is a refinancing of LOC #1003 to increase their drawable amount, improving purchasing power and increasing efficiency as the coop takes on bigger clients. |
| September 3, 2013 | US $10,000.00 | Completed | Working capital for coffee and labeling. |