Portland footwear startup Mise is raising money through small business bonds to keep up with demand for its shoes designed for restaurant workers.
Mise is raising a maximum of $124,000 by selling bonds on the platform SMBX. So far, $95,330 has been invested with 16 days left in the campaign. The bonds have a 36-month maturity and fixed interest of 11%.
Founder and CEO Erik Hernandez’s reason for turning to an alternative lending platform is a common one for startups.
"They offered up the opportunity…