Situated in an idyllic part of Seaton Burn the ice cream parlour occupies a 2.2 acre site on The Blagdon Estate just north of Newcastle upon Tyne.
The funding will help the company expand its portfolio to offer catering for weddings, christenings and Christmas parties.
Owned by Carole and Nigel Marcantonio, Nigel operates and manages the business on a day-to-day basis.
With a wealth of experience in the hospitality and catering industry, the Marcantonio family have an established background and have been producing ice cream in the Newcastle area since 1902, when the first of their relatives came to the UK from Italy.
The microloan will enable the business to hire three extra full time members of staff and develop the factory kitchen.
Nigel said: “It was a fantastic service. Couldn’t fault it.” The loan has enabled further development of the parlour so they can now deliver their product to even more customers.
The family has 13 bespoke ice-cream flavours made exclusively from cow’s milk on their Blagdon Estate.
James Holloway, investment executive at Rivers Capital Partners, added: “Nigel has done incredible work developing the parlour into a landmark, and we’re proud to help him take it further.
“They are careful to use locally sourced ingredients and follow old family recipes, making the parlour an ideal candidate for regional support such as the microloan fund.”