Bearclaw Coffee founder Debi Scroggins looks to Iran for franchisees

Scroggins

Debi Scroggins, founder of Ann Arbor-based Bearclaw Coffee Co., looked far from home when she sought investors to expand her brand, The Detroit News reports.

Scroggins recruited nearly a dozen Iranians who will invest $180,000 to open mobile coffee carts in the United States, the article said.

The investors will obtain a special E-2 visa that allows them to live and work in the United States after investing in a business they will control, The News reports.

"These are candidates who are cash-ready," Scroggins told The News. "I've had so many candidates (in the United States) who have $30,000 to put down and cannot get financing because they lost their home equity and they lost their 401(k) and, oh, by the way, their credit has nicks in it."

Read the rest of the article.

Tags: Bearclaw Coffee,