New location for a favorite business
Mazevo Coffee Roasters & Espresso Bar will be opening its third location less than two years after getting its start in downtown Billings. Owners Damion and Kiera Taylor and Tyler Nash will open the next Mazevo Coffee in Shiloh Commons, the new mixed-use development currently under construction on Central Avenue along the bustling Shiloh Road corridor. The new Mazevo Coffee location is slated to open in early August.
Damion, Kiera and Tyler started Mazevo Coffee in early 2017 with a goal of offering premium small batch coffee in a community oriented space. They opened a small location on First Avenue North in the heart of downtown Billings. Just six months later, they purchased an existing coffee shop on Grand Avenue and rebranded it to Mazevo Coffee, and also added a stage to be able to host live music and other performances. “Mazevo” is the Greek word for “gather,” a reference to intimate, welcoming feel of the original location and the community atmosphere they aim to create at each location.
“We’re so excited to be joining the new development at Shiloh Commons,” said Damion Taylor, co-owner. “Mazevo’s vision is to create places for the community to gather, and Shiloh Commons is building a community of its own – a place for people to live, work, and gather. It felt like the perfect fit.”
Mazevo will be the only coffee roaster in the Shiloh Commons development, which is currently under construction in Billings’ west end. The new $34 million “lifestyle campus” is expected to include over 60,000 square feet of retail, office and restaurant space, as well as luxury apartments.
Powered by coffee
Like many startups, Mazevo Coffee was unable to obtain the bank financing it needed to expand. Damion, Kiera and Tyler turned to MoFi (formerly the Montana & Idaho Community Development Corporation), a financing company that specializes in helping businesses, many of them start-ups, that are unable to qualify for a traditional bank loan. MoFi provided nearly 100 loans to small businesses in 2017, almost 40% of them startups. Among the many Billings-area businesses it has recently supported are Billings Head Start, Liberty & Vine Country Store, Camelot Ranch, and Chalet Market.
“It can be challenging for newer business to access financing, but MoFi really came through for us,” said Damion. “They were super easy to work with and are a great resource for startups that are ready to grow and can’t quite get a loan from a bank.”
“In less than two years, Damion, Kiera and Tyler have built Mazevo Coffee into a thriving, well-established business that is deeply committed to the Billings community,” said MoFi President Dave Glaser. “We’re thrilled to play a small part in their journey by helping them expand to a third location.”
MoFi’s small business loans range from $1,000 to $2,000,000 and can be used to help purchase real estate, equipment, or inventory; purchase an existing business; or provide working capital. Its loan clients also receive one-on-one technical assistance in accounting, marketing and other areas of business management.
For more information about Mazevo Coffee, visit https://www.mazevocoffee.com/.
Products Used: Small business loans