A joining of forces. A combining of passions. No matter what you call it, this business has just the right mix of ingredients to make it a success.
When J’aime and Christian Sparrow decided to return to Cape Cod five years ago, they had a plan in mind – a well-devised plan. They wanted to create a business that would engage its customers in an experience - fresh, quality, local food served by a friendly, competent and enthusiastic staff in a visually appealing surrounding that creates a warm, engaging community atmosphere. Their respective talents fed this plan naturally – she with a background in the food and hospitality industries and he as a visual design and branding expert. The missing piece—start-up funds.
They had a food truck and a location in Wellfleet, but they needed financing to build out the site and open their doors. Limited space within the truck meant they would need a storage container on the property. That container needed some retrofitting—including insulation and a double-door fridge. To prepare the site, they would have to dig a trench to bring in electricity and a line for fresh water. After all these upgrades, then there was the start-up food expense. The CDP’s Micro Loan program was just the right fit for these needs. A $6,000 loan early in the summer of 2012 enabled them to open for business and enjoy part of the high season—most significantly establishing a loyal customer base.
About the Program
We make loans of up to $40,000 to qualified small businesses—money used for working capital, real estate, machinery and equipment, the kinds of things that get fledgling businesses off the ground. Our rates on these five year Micro Loans are competitive and indexed to the prime lending rate. We also offer smaller loans for a few months to a year that help businesses manage short-term needs.
Additional Funds to support our Business Development programs have been provided by Cape Air, Cape Cod 5, Mass Growth Capital Corporation, Massachusetts Office of Business Development, Seamen's Bank, USDA Rural Business Development Grant.