Fast Track How one company's unique way of raising money is getting them the capital they need to grow their business
Opinions expressed by Entrepreneur contributors are their own.
Name and age: Mark McCain, 36
Company and description:Three Lakes Winery is a fruit and berry wineryin Three Lakes, Wisconsin.
2000 sales: $700,000
No. of employees: Six full-timers, six part-timers
Amount of capital raised: $160,000 projected
We'll drink to that: It isn't every company thatcan sell bonds and pay interest with inventory. But when MarkMcCain figured out he could do just that with his winery-payinterest in bottles of wine on $1,000 bonds-he seized theopportunity to raise capital to pay down debt and expand thebusiness. "We're just not big enough for our stock to bereally attractive to serious investors at this point," hesays. By paying out of inventory, McCain's effective interestrate is about one-quarter of the standard.
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Access to all of our premium content and an ad-free experience
- A complimentary subscription to Entrepreneur Magazine
- Four free e-books a year and 20% off everything from our bookstore
- Exclusive events with business celebrities and successful entrepreneurs