CrowdFundBeat News Wire, Deal with fast-growing brand boosts P2Binvestor to over $2 million in new credit lines issued in the last two months.
Denver, Colorado (PRWEB) June 10, 2014
P2Binvestor, a Denver-based crowdlending platform, recently added another Colorado company to its funding portfolio: Boulder-based natural beverage company Bhakti Chai. Founded in 2007, Bhakti Chai offers an array of spice-infused chai beverage products. P2Binvestor’s working capital line will provide important support for Bhakti Chai’s expansion plans by bridging the gap in cash flow related to their rapid growth. The funding deal with Bhakti Chai boosts P2Binvestor to over $2 million in new business lines inked in the last two months.
“As we continue to see 70% sales growth, cash flow is a challenge,” said Brook Eddy, founder and CEO of Bhakti Chai. “Order growth creates significant up-front costs that can take months to recoup, and P2Binvestor’s financing helps us manage cash flow and continue our robust growth strategy,” Eddy added.
P2Binvestor is the first crowdfunding platform to offer working capital loans through a receivables-financing model to companies that meet its underwriting standards. Following a successful Series A round in late 2013, the site began funding companies in January.
“We are thrilled to be working with Bhakti Chai,” said Krista Morgan, cofounder and COO of P2Binvestor. “We love working with natural food and beverage companies, and we’re especially excited to be funding a great company in our own backyard.”
P2Binvestor addresses the lack of accessible and affordable capital for small and medium businesses that experience slow-paying customers and cash-flow issues due to spikes in sales or growth. The company helps businesses overcome these issues with competitive rates, quick decisions, flexible funding options, and lending lines of up to $5 million.
“More and more companies are realizing the inherent advantages of the crowdfunding model,” Bruce Morgan, cofounder and CEO of P2Binvestor, remarked. “If you cannot get a bank line with terms that make sense for your business, P2Binvestor can finance your growth until you can.”
P2B investor is a crowdfunding platform for working capital financing. P2Binvestor utilizes the power of technology and its crowd of accredited investors to simplify lending and provide working capital to growing businesses faster and at more affordable rates. The company offers three flexible products: A receivables-purchase product, an asset-backed line of credit, and a credit line secured by future revenue (designed for SaaS companies). P2Binvestor lends to companies in all 50 U.S. states in various industries including staffing, natural foods, manufacturing, technology, and more. Learn more at P2Bi.com.
Bhakti Chai, alchemist of the award-winning fresh craft-brewed chai, was founded when a passion for social action and travel led Founder and CEO Brook Eddy to India in 2002 to research a movement based on the principles of Bhakti, or “devotion through social action.” In 2007, Bhakti Chai was born with the vision of fusing sustainably sourced ingredients, artisan micro-brewed products and the values of triple bottom line business. This vision continues to permeate their spicy blends and leadership championing female empowerment through charitable contributions and scholarships, blending beverages into a crusade for a better world. Bhakti Chai concentrates and ready-to-drink bottles are available at Whole Foods, natural and independent markets, and cafés around the country. Learn more at bhaktichai.com.