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The Lazy Cow Ice Cream Parlor, founded by Amanda Franklin in September 2020, offers super-premium ice cream by the scoop, shakes, floats, cow patties, and other sweet treats. Amanda, inspired by the small-town parlors of her childhood, opened The Lazy Cow Parlor after being furloughed from her corporate job due to COVID-19. The business now includes two storefronts and a mobile unit called The Sweet Shack, which serves products at private events and festivals.
To expand her business, Amanda needed funding to purchase a mobile unit and secure equipment and inventory for manufacturing her own brand of ice cream. Additionally, operational costs during the winter season required financial support.
Big Think Capital provided Amanda with a revolving line of credit to purchase The Sweet Shack and a term loan for equipment and inventory. This financial support allowed Amanda to cut out the middleman in ice cream manufacturing, saving approximately $40k per year and facilitating further growth.
“Big Think Capital has helped my business on two separate occasions – once to secure a revolving line of credit and another for a term loan.”
With Big Think Capital’s support, The Lazy Cow Parlor successfully:
The partnership has allowed The Lazy Cow Parlor to expand steadily, fulfilling Amanda’s dream of running a thriving ice cream and dessert business.
“Amanda Franklin was very pleasant to work with. She was direct and let us know exactly what she needed and provided the requested information as needed. She has a thriving ice cream and dessert business that is expanding and we are proud to be a part of that process with her. We look forward to a long working relationship with Amanda and her business!”
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Disclaimer: The above information is provided as a guideline. Some loan conditions may fall outside of these parameters. We recommend that you speak with one of our advisors before taking any course of action based on this information.
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