Thread Consolidated Expansion Loan
Thread Consolidated Expansion Loan
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 | Active | 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. |
| November 21, 2018 | US $5,000.00 | Active | Thread Coffee Roasters Merchandise Line of Credit |
| November 28, 2016 | US $30,000.00 | Completed | Startup loan for a new cooperative cafe, incubated by the Red Emma's cooperative. |
| November 22, 2016 | US $37,000.00 | Completed | Equipment loan to purchase a 25lb coffee roaster and expand current operations for Thread Coffee. |
| September 3, 2013 | US $10,000.00 | Completed | Working capital for coffee and labeling. |