Crowdfunding Company, Redwood Credit Union Team Up to Provide $500,000 Loan Using Collaborative Community Capital Marketplace Process
Sausalito/Santa Rosa, CA June 1, 2016-Breakaway Funding LLC, a securities-based crowdfunding portal, today announced the completion of $500,000 in working capital and equipment loans for Dandelion Enterprises LLC. The collaborative financing process was enabled by the participation of Redwood Credit Union (RCU).
Dandelion Enterprises (http://tappinroots.com), a family-owned business headquartered in Santa Rosa, creates unique horticultural products.
“The transaction is another example of how the Community Capital Marketplace™ (CCM) process, with the collaboration of traditional financial institutions such as Redwood Credit Union, can be utilized in the crowdfunding sector,” said Kim Kaselionis, founder/managing partner of Breakaway, “to provide the expansion capital that growing companies need.” The final tranche of the financing was provided by a Small Business Administration (SBA) loan and with RCU’s participation.
As organic farmers for decades, Dandelion is an innovator in the horticultural industry, using natural processes to build a sustainable future providing all of your fertilizer and soil enhancement needs.
The company offers a variety of nurturing soil products to enhance any garden or crop; all of their products are 100% natural and made of botanical extracts high in micronutrients.
“Obtaining an SBA loan can be a financial minefield,” said Dandelion founder Max Berreyesa. “However, Breakaway and Redwood worked diligently to ensure that that we were all on track. We are confident that the Community Capital approach will help take us to the next level.”
“As a community lender, we’re dedicated to helping local small business owners succeed, and we understand that their needs are often unique,” said Brett Martinez, RCU’s President and CEO. “Our collaboration with Breakaway is an exciting way to provide businesses like Dandelion with creative solutions to help them grow every step of the way.”
About Breakaway Funding LLC
Sausalito-based Breakaway Funding is a pioneer in the Community Capital Marketplace (CCM), uniting traditional financing with equity crowdfunding to propel innovation, job creation and new opportunities for investors. Employing securities-based crowdfunding platform, Breakaway allows local businesses access to capital and flexible financing to meet their on-going capital needs by helping them to reach potential investors, including community financial institutions. More information is available at 415-729-9482.