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fisheye coffee_spruce root

Native, Woman-owned Business Thrives with Loan from Spruce Root

Financial and Social Impact

  • Native and woman-owned business able to grow her business in rural Alaska and pay it forward to fellow entrepreneurs

Client: Caitlin Way, owner of Fisheye Coffee
Client Location: Sitka, AK
CDFI: Spruce Root
CDFI service area: Alaska
CDFI services provided: Financing (2021 Native CDFI Seed Capital Awardee)

Caitlin Way (Tlingit) is the owner of Fisheye Coffee, a drive-thru coffee shop in Sitka, AK, providing wholesome alternatives to traditional drive-thru food and beverages. Fisheye Coffee’s opportunity for growth was initially stifled by the limitations of a restrictive family loan and the inability to obtain traditional financing.

However, through a small business loan from Spruce Root, Caitlin had the opportunity to explore her culinary skills and invest in her business. Caitlin recently paid off her loan in full, and, in 2021, she joined the Spruce Root team full time as a Program Manager helping entrepreneurs like herself to grow their businesses and strengthen their communities.

“I feel like I have this really strong support system that wants nothing but the best for Fisheye and the business as a whole,” said Caitlin. “I just know that Spruce Root has our back with anything.”

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