The Nuflours crew (Image: Nuflours)
In the wake of the successful SIFF campaign to reopen the Egyptian Theatre in what may have been the biggest crowd-sourced financing drive ever for a Capitol Hill project, 15th Ave E’s Nuflours gluten free bakery is also turning to the crowd for a much smaller loan.
We’re seeking community support in a form of loans which will be paid back based on revenue from our business. Your loan, in the form of a Square will supply the financial support needed for the construction and equipment for opening the retail portion of our store. Here is a link to more information about Community Sourced Capital and how you can help. Our campaign page is http://www.communitysourcedcapital.com/nuflours/
The community loan process is done in $50 chunks — you put up $50 to help Nuflours finance its buildout and you get back $50 from the bakery’s revenue sometime over the next 18 to 36 months, according to the site’s documentation. Continue reading
Ravel Scheiner eyes her rival during a training session at Cappy’s Boxing Gym. (Photo: Peter Allen Clark)
After nearly 15 years of supporting Central Seattle’s boxing community, Cappy’s Boxing Gym asked for some online help in return. This summer, they go it.
After facing some recent financial setbacks, owner Cappy Kotz said his 22nd and E Union gym had joined a long line of businesses which have found the raised rents and changing social dynamics of Capitol Hill and the Central District difficult to weather.
So, in order to expand the business and prepare for the future, Cappy’s Boxing Gym began an Indiegogo fundraising project on June 1. The campaign asked for $15,000 to help “continue to produce Olympic caliber athletes and transform lives,” with much of the money going towards marketing. Last week, donors answered the call, raising just over $15,000 well before the July 1st deadline. Coach Ann Bailey said she was overwhelmed with the response.
“We kind of knew something special was happening,” Bailey said. “We were really moved by what people had to say about our gym.” Continue reading
The Central Cinema crew needs your help to keep the good times rolling – Central Cinema w/ permission to CHS
It’s a familiar situation for independent movie theaters that have stubbornly fought to remain free of Hollywood constraints but don’t want to be left behind by technology. 21st and Union’s Central Cinema plans to launch a Kickstarter this Saturday, and is looking to crowdsource $60,000 to catch up with the big studios, and ultimately, survive.
“The switch to DCP [high-tech projectors] is something that the movie studios are starting to force onto theaters,” Central Cinema owner Kevin Spitzer tells CHS. The theater operating on one
35mm Blu-ray camera now needs $60,000 to upgrade to a DCP projector that Spitzer says in a year will become a necessity. Continue reading