Akira Coffee and Cornhusker Bank
Akira Coffee Founder & CEO, David Sievers, was recently in the Cornhusker Bank Center closing on a business line of credit and talked to bank staff about his company. One of the things he noted when discussing how and why he chose to do business with Cornhusker Bank was the fact the bank is a locally owned, community bank.
Cornhusker Bank has a 116 year history as a community bank and offering customers our expertise in understanding and navigating the economic conditions here in Nebraska.
Some of the basic benefits of doing business locally to all residents of a community include:
- Local businesses are more likely to utilize other local businesses, keeping more money in the local economy, with $68 of every $100 dollars spent locally staying local.
- Local businesses help employ individuals from our community.
- Local businesses return more money to their community in donation and social causes.
- Local businesses get to know their customers and vice-versa, forming long relationships.
Mr. Sievers noted he and his staff are based locally, giving him the opportunity to “work in an area I care about and try to do a little more good in the world”. Akira Coffee Co sources products and uses local vendors whenever possible. Akira Coffee Co doesn’t sell coffee under its own brand. Instead, they partner with social media influencers to build their very own coffee brands. Akira Coffee has a commitment to high quality ingredients for its coffees and teas. One way they do this is by sourcing only specialty grade coffees from responsible, ethical, and sustainable sources. For more information about Akira Coffee Co go to http://www.akiracoffeeco.com
Following is a Q &A Cornhusker Bank conducted with David Sievers regarding his experience working with Cornhusker Bank to obtain a loan:
Q: What led you to choosing Cornhusker Bank for your business banking needs?
A: It’s important to me to bank locally within the community. Cornhusker Bank was recommended by my father, who specifically noted the Bank’s Chairman, John F. Dittman.
Q: What are your plans for the proceeds from this loan?
A: With this line of credit, we will be acquiring inventory in preparation for the launch of our newest coffee brand with one of the biggest social media influencers in the world. We needed capital to invest in product to have on hand because once we make our big announcement we have to be ready to serve our new customers.
Q: Why choose a commercial loan to accomplish this?
A: As I looked at my company’s capital structure, a line of credit was the perfect way to fund acquiring inventory that I know will sell within a few months. It’s much cheaper than using credit cards. Also since the inventory has a known rate of return, any capital I have that is meant to be invested in growth can stay available to me rather than being tied up in product sitting on the shelf.
Q: What type of experience did you have acquiring a loan?
A: It was a very pleasant experience. I outlined what I was looking to do and what my questions were. I got very straightforward answers to all my questions. The Bank’s staff is very easy to communicate with.
Cornhusker Bank remains the area’s oldest locally owned bank, demonstrating Nebraska values, stability, soundness, and investing in the success of customers, associates, and community.