AFI Closes First Half 2016 Funding 6 Deals

Austin Foodshed Investors is on track to surpass internal targets for deal flow in 2016, having closed 6 deals in the first have of the year.

Funded deals include working capital, equipment loans, grants matching, and more. 

• Equipment financing for pasteurizing and cheesemaking equipment for Richardson Farms Dairy & Creamery of Rockdale, Texas.
• Working capital to facilitate the move to a larger space for woman-owned, locally sourced ice cream maker and retailer Sweet Ritual of Austin, Texas.
• Construction financing for the buildout of The Cook's Nook culinary incubator and shared commercial kitchen in Austin, Texas.
• Loan for hoop houses (portable enclosures) for the organic chickens at Tandem Farm Companyof Driftwood, Texas.
• Two transactions for Cat Spring Yaupon Tea of Austin and Cat Spring, Texas:  the first to "prime the pump" supporting a $250k USDA Value-added producer grant and the second for working capital for product line extensions not covered by the Grant.

In all of 2015, AFI's first full year of operation, five deals were funded.

Since founding, AFI has seen 92 deals; 11 have been funded.  All 11 deals are performing on both their financial obligations and impact goals.