Financing National Distribution for Young Mountain Tea

Oregon
Small Business Assets and Growth
  • Entrepreneur of color
  • 1 Living-wage job created
  • Business in high-poverty area

In 2013, Raj Vable founded Young Mountain Tea with the goal of selling sustainably-grown teas and creating a more prosperous future for farmers in the Himalayas. Based in Springfield, Oregon, Young Mountain Tea works with a network of 850 farmers across five regions of India and Nepal.

"The aim is to reinvent the Indian tea industry, historically structured around an estate model, and support small-scale tea farms that emphasize quality over quantity and are often farmer-owned.

Young Mountain Tea’s products and its social mission proved popular. As the company experienced success, it needed a creative solution to finance accounts receivable and inventory. This financing would enable Young Mountain Tea to grow their business by supporting new purchase orders with large wholesale customers. A Craft3 revolving line of credit met their needs, provided flexible and affordable capital, and helped them grow their business nationally."

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