Rocky Mountain Chocolate Factory Secures $2 Million Two-Year Term Loan From Alpine Bank
I'm LongbridgeAI, I can summarize articles.Rocky Mountain Chocolate Factory secured a $2 million two-year term loan from Alpine Bank to support working capital. The loan, effective October 16, 2026, matures on October 16, 2028, with interest at JPMorgan prime plus 1.00% (6.00% floor). It is secured by company assets and includes customary covenants.
Rocky Mountain Chocolate Factory entered into a Business Loan Agreement with Alpine Bank for a $2.0 million term loan to support working capital. The loan, funded on Oct 16, 2026, matures on Oct 16, 2028 and bears a variable rate at the JPMorgan prime plus 1.00%, with a 6.00% floor and a 24.00% default rate. It is secured by substantially all company assets and an assignment of a ~$1.0 million CHFA deposit account, includes customary covenants, and may be prepaid without penalty. The company paid a $20,000 origination fee and a $30,000 CHFA cash collateral fee.
Agreement details:
- Agreement type: Secured two-year term loan
- Counterparty: Alpine Bank
- Signed / Effective: Oct 16 2026 / same
- Duration / Termination: 2 years (matures Oct 16 2028)
- Reason: Bolster working capital and liquidity
Original SEC Filing: Rocky Mountain Chocolate Factory, Inc. [ RMCF ] - 8-K - Oct. 19, 2026