Cambridge Savings Bank Expands and Extends Credit Facility for Crave Better Foods to Support Next Phase of Growth
Cambridge Savings Bank (CSB) has announced the expansion and extension of its revolving credit facility for Crave Better Foods, LLC, significantly increasing the company’s available borrowing capacity by more than 90 percent. The renewed and upsized facility comes as Crave Better Foods enters its next stage of profitable growth, positioning the company to scale operations, optimize working capital, and capitalize on expanding market opportunities.
The expansion follows the successful maturation of the previous credit line in January 2026. By extending and enhancing the facility, CSB has reinforced its long-standing relationship with Crave Better Foods and demonstrated continued confidence in the company’s strategic direction, operational discipline, and brand momentum. The revised agreement reflects a shared commitment to sustainable growth and financial stability as the food company continues to expand its national footprint.
Strategic Financial Partnership Built on Long-Term Vision
Crave Better Foods’ leadership emphasized the importance of a reliable and relationship-focused financial partner during periods of accelerated growth. David Clarke, Chief Executive Officer of Crave Better Foods, highlighted the value of CSB’s ongoing support and the flexibility the expanded facility provides.
According to Clarke, Cambridge Savings Bank has served as a trusted partner for several years, supporting the company through various growth milestones. The enhanced borrowing capacity aligns with Crave Better Foods’ forward-looking strategy, enabling the organization to strengthen operations while maintaining financial discipline. With consumer demand continuing to rise across its product portfolio, the company sees access to flexible capital as a critical component of maintaining momentum.
The expanded revolving credit facility allows Crave Better Foods to manage working capital more effectively, particularly in areas such as procurement, production scaling, and distribution expansion. By increasing liquidity and financial flexibility, the company can pursue growth initiatives while remaining focused on profitability and operational efficiency.
Scaling Recognized Consumer Brands Nationwide
Crave Better Foods has established itself as an innovative player in the better-for-you and indulgent frozen treats categories. The company is best known for revitalizing and growing iconic consumer brands such as The Original Chipwich and Jonesbar. These brands have gained strong traction in both retail and wholesale channels, supported by evolving consumer preferences for quality ingredients and distinctive product experiences.
The Original Chipwich, widely recognized as a classic ice cream cookie sandwich, continues to benefit from renewed brand visibility and expanded distribution. Meanwhile, Jonesbar has positioned itself within the organic and clean-label energy bar segment, appealing to health-conscious consumers seeking minimally processed snack options.
As distribution expands nationwide, Crave Better Foods has deepened relationships with key retail partners while strengthening its presence in wholesale channels. The company’s growth strategy includes increasing shelf space, enhancing merchandising initiatives, and entering new regional markets. These efforts require careful financial planning, particularly in managing inventory levels and responding to seasonal sales cycles.
Asset-Based Lending Structure Supports Operational Complexity
The expanded credit facility was structured and delivered by CSB’s Asset-Based Lending (ABL) team. Asset-based lending solutions are particularly suited for companies experiencing rapid growth or navigating complex operational cycles. By leveraging assets such as accounts receivable and inventory, businesses can access flexible capital that adjusts in line with operational needs.
For Crave Better Foods, the ABL structure provides enhanced support for inventory planning and seasonal fluctuations, which are especially relevant in the frozen dessert category. Peak demand periods require increased production and distribution activity, while careful cash flow management ensures continuity during slower cycles.
John Bobbin, First Vice President and Senior Asset-Based Lending Officer at Cambridge Savings Bank, noted that the expanded facility underscores CSB’s confidence in Crave Better Foods’ leadership team, brand strength, and consistent execution. He emphasized that CSB takes a long-term approach to client relationships, focusing not only on financing but also on strategic collaboration. The bank aims to provide flexible capital solutions that evolve alongside its clients’ growth trajectories.
Reinforcing Profitable and Disciplined Growth
The increased lending commitment comes at a time when Crave Better Foods is emphasizing disciplined, profitable expansion rather than growth at any cost. The company’s strategy centers on strengthening supply chain efficiency, optimizing production capabilities, and improving margin performance across its brand portfolio.
By extending the revolving credit facility, CSB enables Crave Better Foods to continue investing in operational improvements while maintaining prudent financial oversight. The additional borrowing capacity can be used to support raw material purchases, expand co-manufacturing capabilities, enhance logistics infrastructure, and invest in marketing initiatives that drive brand awareness.
Importantly, the structure of the facility allows the company to draw funds as needed, aligning financing with real-time operational demands. This flexibility is especially valuable in the food industry, where input costs, consumer trends, and seasonal buying patterns can shift rapidly.
Strengthening Market Position Through Flexible Capital
Access to capital remains a critical factor in scaling food brands within competitive consumer packaged goods markets. As Crave Better Foods continues to broaden its retail presence, expand promotional programs, and launch new product innovations, financial agility plays a pivotal role.
The expanded facility from Cambridge Savings Bank supports not only day-to-day operations but also strategic initiatives that can enhance long-term brand equity. Whether entering new geographic markets, responding to increased retailer demand, or launching limited-time seasonal offerings, the company now has greater financial capacity to act swiftly and decisively.
CSB’s Asset-Based Lending group works with companies across diverse industries, delivering customized financing structures designed to support growth while mitigating operational risk. By aligning capital solutions with business cycles, the bank helps clients navigate changing economic conditions and industry dynamics.
A Relationship-Driven Approach to Banking
Both organizations emphasized the relationship-driven nature of their partnership. Cambridge Savings Bank’s philosophy centers on collaboration, transparency, and long-term support rather than transactional engagement. This approach has allowed Crave Better Foods to access tailored financing solutions aligned with its evolving needs.
The extension and expansion of the revolving credit facility signal mutual trust and confidence between the two organizations. As Crave Better Foods continues to build brand recognition and expand its distribution network nationwide, CSB remains positioned as a key financial partner in supporting sustainable, profitable growth.
With increased liquidity, a strengthened capital structure, and a shared commitment to disciplined expansion, Crave Better Foods is well-equipped to pursue its next phase of development. The expanded credit facility provides the financial foundation necessary to manage operational complexity, capitalize on market opportunities, and continue delivering innovative products to consumers across the United States.
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