Seth Goldman, co-founder of Bethesda, Maryland-based organic beverage company Honest Tea, said his company maintains a small business culture, even though parent Coca-Cola Co increased its minority stake to full ownership in March.
With 2010 sales of $71 million, the company’s teas can now be found in national retail chains such as Kroger and CVS. Goldman, in Washington recently for an SBA National Small Business week event, spoke to Reuters about the transition.
Large banks are making noise about lending more to small companies this year, but financing expert Ami Kassar is still advising his clients to steer clear.
The founder of Philadelphia-based MultiFunding LLC, which brokers loans for small businesses, said his customers stand a better shot at success with regional and community banks.