Wednesday, October 18, 2017 12:48 AM

GROWTH FOUNTAIN OPENS UP FUNDING FOR SMALL BUSINESS STARTUPS

After giving up his White Whale Room coffee and cocktail bar in Denver earlier this year, Dakin Cranwell Jr., moved back to his native Chattanooga this summer to get on board with a new drinking establishment venture. Cranwell's newest venture - the American Draft bar planned in a rail car at the Chattanooga Choo Choo - is getting on track with the help of an innovative crowd funding method Cranwell thinks could propel a number of new business startups in Chattanooga. Cranwell has quickly collected more than $16,000 in revenue-sharing investments from friends, family and other investors through an equity crowdfunding program started by a New York software company known as Growth Fountain and promoted on the website of Chattanooga's biggest credit union. "This is truly groundbreaking and a revolutionary way for small businesses to raise needed capital," Cranwell said. The money will help Cranwell renovate the American car in the Glenn Miller Gardens at the Choo Choo and install the automated beer dispensing equipment that will allow individuals to choose among 29 beers on Track 29 and sample the beers by the ounce or the pint. The automated dispensing machines allow the individual consumer to fill his or her ...

News source: Times Free Press

See also: ChooChoo