KVUE — The 10-year-old Austin entrepreneur whose lemonade company received an investment from Shark Tank's Daymond John has received another loan to grow her company.
Mikaila Ulmer, founder of BeeSweet Lemonde, will receive a low-interest loan through the company's Local Producer Loan Program. The loan will come alongside support from the company's loan administrators, regional buyers and local foragers to help Ulmer improve her business plan, learn market trends and connect with new partners.
John, whose investment gained him a stake in the company, will also serve as a mentor to Ulmer and share his business connections.
"There is tremendous opportunity for Mikaila Ulmer and BeeSweet Lemonade, especially with partners like Whole Foods Market on her side," John said in a statement. "I love to see young entrepreneurs create thriving businesses and am committed to helping her realize the potential for BeeSweet."
BeeSweet is currently sold in 32 Whole Foods Market stores with plans to expand into new regions in 2015. The beverage is made with mint, honey and flaxseed and comes in four flavors: mint, ginger, iced tea and prickly pear.
"We've loved sharing BeeSweet Lemonade's products and mission with our guests," said Lynda Berrios, local forager for Whole Foods Market. "Whole Foods Market is thrilled to play a role in the growth and development of this amazing product through the Local Producer Loan Program. We can't wait to see what Mikaila does next!"
Read the full story on KVUE.com.