The Pasta Lab is taking the next step for their business by purchasing equipment that will streamline their processes and meet growing customer demand.
Funded on 04/26/2023
The Pasta Lab was born from a desire to share the flavors and varieties of freshly milled flour with their community. Gina Rubinetti and Chris Wright have built The Pasta Lab over the past five years with a focus on sourcing exclusively from regional producers. Gina shares, "We just want to introduce more of our community to these small producers in our area." Over the years, they have built relationships with the local producers who sell their products next to their stall at weekend markets, and they have crafted their own products as a result of these relationships: the cheesemaker who sells next to them, the veggie farmer with delicious sweet corn, and the free-range egg producer who is also growing their business, just to name a few. In fact, The Pasta Lab originally learned of Steward from one of their egg suppliers, Horse Shoe Ranch, an existing Steward borrower.
This loan will help The Pasta Lab increase their production and meet their rapidly growing customer demand. Several key pieces of equipment will be purchased as Gina and Chris intend to move into a larger space in the coming months and expand operations. Such items include walk-in refrigeration, a larger pasta dryer, and an orecchiette machine. Offering dried pasta increases their market reach given the lower price point and the ability to ship a shelf-stable product. Additionally, the increasing number of requests for wholesale orders gives Gina and Chris confidence to take their business to the next level.
As a small food business creating a regional value-added product, The Pasta Lab is playing a critical role in our agricultural supply chain. Their regenerative and sustainable practices include:
You can learn more about The Pasta Lab by visiting their website at www.thepastalab.com
We are overwhelmed by the support you've shown for this project. As a small business in this industry access to capital has always been a challenge for us. We are grateful for the community here at Steward and are optimistic about our future. If you happen to find yourself in Philadelphia on one of our market days, please pay us a visit. We would love to connect and thank you in person.
- Gina & Chris
Walk-in Cooler & Freezer - $22,635
Orecchiette Machine - $16,441
Ventless Hood for Oven - $4,080
Pasta Dryer - $17,446
Loan Fees - $2,098
Total Loan Budget - $62,700
This loan will be made to The Pasta Lab LLC, a Pennsylvania limited liability company, that makes fresh pasta from regionally sourced, sustainable ingredients.
This $62,700 loan will be used to purchase new pasta-making equipment and will allow The Pasta Lab to grow and expand their business. The loan will be secured by a first position lien across all business assets, including the new equipment that will be purchased with this loan.
This loan is set at a 7.50% annual interest rate, with a 60-month term, and fully amortized monthly payments beginning one month after funds are disbursed.
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