Numi Tea Financed Its Launch With a $250K Line of Credit on Dad's Home
Ahmed Rahim · Numi Organic Tea: Reem Hassani and Ahmed Rahim · Jul 5, 2021 · at 35:21
Numi Organic Tea co-founder Ahmed Rahim explains how the company was bootstrapped and capitalized before launching.
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“We went to our dad and asked him if he would use the leverage of his house to get a loan. So we partnered with a bank in Cleveland and he refinanced his home and he had a line of credit on his home up To X amount, but we just started with a 250,000 dollar line of credit”
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