One of the fastest growing industries in the nation are breweries, largely due to the ever-increasing popularity of craft/artisan beers. This can be a good sign of the times based on the economic uncertainty of the past two years. While no one in the financial services industry has a crystal ball, the general belief is that brewing is a highly resilient industry, therefore the availability of brewery funding to support and advance your company could be your best option for its survival today and its greater achievement tomorrow. But it is wise to know which type of funding your business needs, and where to go to obtain it.
As implied, the pandemic put a damper on brewery industry growth, which prior to the pandemic-fueled recession, averaged about 4% per year. The government-forced temporary business shutdowns over the past 24 months have impacted revenues and closed some brewery doors perhaps permanently. There is a solution: One of the best ways for breweries with taprooms and brewpubs to ride out periods where quarantines have restricted socializing, is to consider off-premise sales. That’s because consumers in some regions of the country, along with paper goods, have been stockpiling their favorite brew.
That saying, “when one door closes, another opens” has seldom been truer. However, to take advantage of potential growth opportunities even now that social restrictions are being lifted, consider a brewery loan. There is another axiom that states, “Tough times don’t last, tough people do.” That’s another reason to speak with the financing professionals at Milestone Capital Funding to learn more about our business capital loans, equipment financing, fast business loans, restaurant financing, and working capital loans. We can even help with loan consolidation. Additionally, Milestone offers terms and rates you can live with. The application process is quick and easy, too. Once accepted, your financing will be immediately available. You’ve worked too hard on perfecting your craft to give in now. Contact us today for more information about brewery funding and to get started on your road to even greater future success.