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.
“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.”
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.
“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.