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2023Access to CapitalBusiness ExpansionBusiness PlanNorthern VirginiaRestaurant & Retail

Nordic-Knot

Amanda Forrester March 11, 2024

Pretzel bakery brings “Malt & Salt” to Reston brew house scene and beyond

Received a $250,000 loan for equipment and leasehold improvements; opened second location for increased production capacity, which expanded business from 800 square feet to over 2400 square feet in two locations.

https://www.nordic-knot.com/

From its launch as a wholesale bakery in 2016 to its Mason SBDC-aided expansion in 2023, Nordic-Knot’s wholesale pretzel baking business has seen its profile rise right alongside its gourmet pretzels. But for all the growth Eric Lundberg and Melissa Romano’s Scandinavian-style bakery in Reston has experienced, it owes its beginnings to a note and a pretzel once placed on the doorstep of the Lake Anne Brew House, which Melissa also co-owns..

“The note was from a pretzel-making neighbor Eric Lundberg,” Melissa says. “Together, we visualized a pretzel bakery and the Brew House as ‘a match made in malt and salt heaven.’”

With a business model aimed at wholesale, Nordic-Knot opened in 2016 with Melissa and Eric as co-owners. The culinary duo specialized in baked-to-order pretzels made with natural and organic ingredients and hand-milled grains.

“We wanted to add vibrancy and give back to our Lake Anne neighborhood, and also find a way to support other small breweries, coffee shops and businesses with our wholesale pretzel sales” Melissa adds.

Despite challenges to that vibrancy that came during the COVID pandemic in 2020, Nordic-Knot continued to adapt, evolve and grow. They overcame the pandemic hurdle by incorporating direct sales into their business strategy, and their customer-friendly service earned them second place and a $40,000 cash award in the national “Small Business Big Wins” contest for pandemic-impacted small businesses. The addition of Wolf Trap National Park as a major customer in late 2022 set the stage for an expansion of the business and a consultation with the Mason SBDC.

With a proven product and an even larger customer base provided by Wolf Trap’s addition, Eric and Melissa met with SBDC Senior Business Counselor Mark Julian. In those early meetings, Mark provided them with options on financing and examples of a business plan to present to lenders.

By early 2023, Nordic-Knot was seeking a $250,000 loan for equipment and leasehold improvements, which SBDC Program Director Timm Johnson helped them procure by preparing plans and a presentation and connecting them with M&T Bank.

“The SBDC not only showed us the steps needed to apply for financing but also provided direct connections to local lenders,” Melissa states.

By May 2023, their loan was approved, and they have since added over 1,800 square feet of production space to supplement their original bakery space at Lake Anne Plaza

“The SBDC was very supportive of our journey to expand,” Melissa concludes. “You wear a lot of hats as a small business owner, but you don’t always know all you need to run a business. It’s good to have SBDC resources available to help you learn.”

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