Mainebiz has published an interview with Sarah and Karl Sutton, the owners of Bite Into Maine.
MB: How did you finance your startup costs?
Karl Sutton: In 2011, after yet another failed loan application, the loan officer looked at me and suggested we seek out the three F’s for financing. The three F’s? I hadn’t heard of this. He explained: Friends, Family and Fools. It was pretty clear we had to figure it out on our own. After maxing out our credit cards, liquidating 401ks and borrowing $4,000 from Sarah’s father, we were up and kinda running.