Baltimore County loans back Wild Kombucha, ex-Raven's sports glove gel - Technical.ly Baltimore

Business

Oct. 12, 2017 9:34 am

Baltimore County loans back Wild Kombucha, ex-Raven’s sports glove gel

The pair of $100,000 loans came from the Baltimore County Boost Fund.

Grip Boost wants to enable more one-handed catches.

(Photo via Grip Boost/Facebook)

Baltimore County awarded its latest pair of small business loans to a pair of manufacturing companies.

The County Department of Economic and Workforce Development’s Boost Loan Fund is designed to provide flexible financing for entrepreneurs, meaning it is customized for each recipient to help grow their business. The loans also seek to have lower down payments and interest rates set at or below market rates. It’s funded by revenue that comes from the state’s casinos.

In the latest round of funding, Mobtown Fermentation received a $100,000 loan. The company, which moved to Timonium from Hampden last year, brews Wild Kombucha. The product is available at 230 locations in the Mid-Atlantic, but before the loan it was still being bottled by hand.

Loan support from the Baltimore County Boost fund has allowed us to purchase an automated bottling line to keep up with product demand. We are adding jobs in Baltimore County as more and more people discover the fresh taste and healthy benefits of our unique kombucha brews,” Sid Sharma, a partner in Wild Kombucha, said in a statement.

Also receiving a $100,000 loan was Grip Boost. The company was founded by former Ravens tight end Matt Furstenburg and a pair of chemical engineers who graduated from the University of Maryland. Its product is a polymer gel that helps athletic gloves (think football, golf) keep a tacky grip. With the loan, Grip Boost is seeking to add inventory and grow in its headquarters at the UMBC Technology Center, according to the County.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

How SAFE Alternative is offering Baltimore students STEAM education by land, air and sea

Remedy Plan Therapeutics wins Bio+Tech Conference pitch competition

MICA has a new website, built by Baltimore’s Fastspot

SPONSORED

Baltimore

Win up to $360,000 for your startup at the WeWork Creator Awards

Baltimore

FX Well

B2B Business Development Manager

Apply Now
Baltimore, MD

SmartLogic

Content and Digital Marketing Manager

Apply Now
Baltimore, MD

Emerging Technology Centers

Assistant Director

Apply Now

Baltimore startup Atana is building a network that keeps data private

Maryland Tech Council names Marty Rosendale as new CEO

5 Morgan State students are taking classes on Google’s campus this year

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Baltimore

FX Well

Mobile Software Developer

Apply Now
Baltimore

Terbium Labs

DevOps Engineer

Apply Now
Baltimore

Terbium Labs

Account Executive

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!