When the owners of Pizzeria Prima Strada, Cristen DeCarolis and Geoffrey Dallas, needed capital to buy a gelato machine and other kitchen equipment, as well as open a third location to reach more customers, they wanted flexible financing that would give their business some breathing room while pursuing their growth objectives.
With an in-depth knowledge of the hospitality industry, BDC’s team offered the company a preauthorized equipment line to purchase equipment, as needed. The bank’s flexible payment terms allowed Prima Strada to keep vital cash in the business. BDC also financed the company’s third location, including leasehold improvements and installing a wood-fired pizza oven.
- Financed second location with BDC’s partner, the Women’s Enterprise Centre
- Expanded product offerings and opened third location for a total of ninety employees, with BDC financing
- Recognized as a socially responsible company with awards and initiatives such as the 2018 EcoStar Award for Greenest Restaurant and an employee participation public transit program