Vt. companies helped by Flexible Capital Fund - WCAX.COM Local Vermont News, Weather and Sports-

Vt. companies helped by Flexible Capital Fund

Posted: Updated:

WILLISTON, Vt. (AP) - The two Vermont companies that have appeared on the ABC show "Shark Tank" didn't get any bites from the investors they pitched, but the publicity is paying off closer to home.

The Burlington Free Press reports that the Vermont-based Flexible Capital Fund is providing equity-like loans to both companies - Liz Lovely Cookies and the Vermont Butcher Block and Board Company. The loans can be repaid over a longer period of time than traditional loans through revenue share payments.

David Glickman, who owns the kitchen product company, says he was devastated when he wasn't offered a deal on the show. But the "flex fund" loan has allowed him to move out of his tiny at-home manufacturing operation, hire 15 people and move to a 6,000-square-foot warehouse space in Williston.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.