October 31, 2019 (Hyannis, MA) – The Cooperative Bank of Cape Cod, in partnership with Coastal Community Capital, is pleased to help finance the expansion of two Cape businesses: Cape Cod Coffee and The Cape Cod Dog Center, both located in Mashpee and celebrated groundbreakings recently.
Cape Cod Coffee, a wholesale coffee roaster with locations in Mashpee and Hyannis, will build a nearly 10,000-square-foot roasting facility in an industrial complex off Route 130. The new facility will have a larger manufacturing and production area, along with cafe and retail space, an indoor/outdoor bar with sixteen local beers on tap, fresh baked goods daily, and a pizza oven. The grounds will include outdoor seating areas with fire pits, outdoor activities and a pavilion for special events. The project is slated for completion in the spring of 2020, the same year Cape Cod Coffee will celebrate its 50th year as a family-owned and operated business.
Cape Cod Dog Center (CCDC) will join Cape Cod Coffee in the same industrial complex and expects to open its new facility by early summer. The new 4,000-square-foot complex will allow them to double the number of dogs they serve, while expanding their services beyond daycare and boarding. The facility will include expansive indoor and outdoor areas, grooming and training space and expanded retail.
“I’m thrilled for the success that Cape Cod Coffee and the Cape Cod Dog Center have earned,” said Lisa Oliver, President and CEO of The Coop. “As a community bank, this is what it’s all about…helping local businesses grow and thrive, creating jobs, and ultimately, creating stronger communities. It’s been a pleasure watching these businesses evolve, and I look forward to their grand openings in 2020.”
“We are pleased to offer both businesses low down payments and 20- to 25-year low, fixed rate financing. These financing terms will help improve cash, allowing the businesses to prosper and grow,” said Jeannine Marshall, President of Coastal Community Capital.
About The Cooperative Bank of Cape Cod
The Cooperative Bank of Cape Cod is an independent, local, mutual community bank with over $900 million in assets and over 170 employees. Established in 1921, the bank is committed to investing in the Cape Cod community where we live and work. The bank is headquartered in Hyannis with branches on Route 6A in Yarmouth Port, East Dennis and West Barnstable; in Sandwich at 275 Cotuit Road; in Hyannis at 695 Attucks Lane in Independence Park; in East Harwich at 1470 Orleans Road/Route 39; in North Falmouth at 660 North Falmouth Highway; in Falmouth at 238 Worcester Court; and in Marstons Mills at 3878 Falmouth Road. For more information, please visit www.mycapecodbank.com, www.facebook.com/mycapecodbank, or call 508.568.3400.
About Coastal Community Capital
Coastal Community Capital (Coastal) is a community development financial institution. Since 1995, Coastal has supported Massachusetts businesses, providing millions of dollars in loans and creating and retaining over 5,000 jobs. Coastal lends directly, and if necessary, partners with the SBA providing up to 25-year, low, fixed interest rates for real estate acquisition and debt refi. Loans range from $5,000 to $20,000,000. Coastal provides loan capital to Massachusetts and rural New England businesses who create businesses and jobs, successfully closing millions of dollars in loans since their founding. Coastal has access to an array of funding sources, including SBA 504 loans, loan guarantees, and direct lending which are constantly evolving to provide the best solution for borrowers. Coastal also promotes economic development and business growth with free business mentoring and ongoing business workshops. This institution is an equal opportunity provider and employer. For more information, or to apply for a loan online, visit CoastalCommuityCapital.org.
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