Bhakti Chai taps crowdfunding lenders for $250,000 credit line

BOULDER – Boulder-based tea company Bhakti Chai LLC turned to an alternative source for its latest infusion of cash, a $250,000 crowd-funded line of credit through Denver startup P2Binvestor Inc.

The P2Binvestor model is a way for small, growing companies to obtain working capital when such funding is inaccessible or unaffordable to them through conventional banks.

Bhakti Chai Chief Executive Brook Eddy said Monday that her company expects revenue to hit $6 million this year, up 58 percent from last year’s mark of $3.8 million. With such rapid growth, Eddy said the business can sometimes bounce back and forth from month to…