The business world does not often see evidence of longevity, continuity, community value, as well as success and growth. CRDC has benefitted by a relationship with just such a business: Blake's All Natural Foods. Blake’s Family Farm began in 1929 at 178 Silk Farm Road, Concord, NH, first established by the current owner’s grandparents. Today, it proudly remains a family-owned business, as a production facility, with a concentration on natural and organic foods. “We are fortunate to have experienced periods of explosive growth over the past several years” said Chris Licata, President and partial owner of Blake’s. “CRDC, and Liz Sweeney specifically, responded to our needs, taking the time to understand our business, our people and our future. This understanding made it possible to have strategic conversations about how we could work together”.
“Blake's was focused on expanding it's product line, which required additional working capital to fund product development, a sales team and facility upgrades to make this happen. At the time, conventional financing was not available, but CRDC stepped in to provide a $100,000 working capital loan", said CRDC Loan Officer, Liz Sweeney. Now, Blake’s sells their products in 47 states across the country. With the expansion of their market presence, Blakes’s experienced an increase in sales, which often are time-sensitive. In addition, CRDC was also pleased to provide an additional loan to finance additional equipment/facility upgrades which were crucial to meet the demands of their increased production needs.
According to Licata, Blake's has more than doubled its’ work force in the last few years, now totaling more than 40 employees. "Thanks to the help of Liz and the CRDC team we are one step closer to fulfilling our mission of providing families across the country with healthy, delicious, made-from-scratch meals".
CRDC Loan Officer, Liz Sweeney with Chris Licata, President and partial owner of Blake's All Natural Food.