International grocer’s low-interest loan program helps budding food businesses expand
OAKVILLE– Molly B’s Gluten Free Kitchen is the first Canadian recipient of a low-interest loan from Whole Foods Market’s Local Producer Loan Program. Molly B’s is known for their locally made gluten-free baked goods, which are currently available at Whole Foods Market stores in Ontario. The loan funds a Miwe oven, which will allow Molly B’s to expand their production and meet their growing demand.
“We are really looking forward to increasing production primarily in our breads – the new oven will allow us to bake breads non-stop,” said Fran Earle, co-owner of Molly B’s. “It will also help us increase production on our top-selling bagels, tarts, and other gluten-free baked goodies.”
“One of Whole Foods Market’s core values is creating ongoing win-win partnerships with our suppliers,” said Bobby Turner, Regional Vice President of Purchasing and Distribution of Whole Foods Market. “Not only does Molly B’s share our mission to provide the highest-quality products, but they also have a passion for sharing this food with their community.”
The owners of Molly B’s will also be visiting all four Whole Foods Market Ontario stores this November, sampling their products and sharing their story with local customers.
Whole Foods Market, the world’s leading natural and organic foods supermarket, has pledged to grant up to $25 million in low-interest loans to small, local producers. To date, the program has funded over $9 million for more than 170 suppliers’ capital expenditures.
To apply for a loan through Whole Foods Market’s Local Producer Loan Program, producers must meet Whole Foods Market’s strict Quality Standards, use the funds for expansion and have a viable business plan. Loans range from $1,000 to $100,000 and have fixed, low interest rates. To view online video testimonials and to learn more about the Local Producer Loan Program, visit wholefoodsmarket.com/loans.