Ep. 4 - Should Your Brewery Take Out A Loan?

17:15
 
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The hardships and challenges continue to mount for beer industry professionals. As lockdowns become more stringent, it's harder for breweries to get beer to their customers. Some states, like New Jersey, gave breweries the opportunity to deliver beer direct to consumers, only to take the privilege away days later.

On this episode of the Beer Edge podcast, we examine the fluid nature of change in these unprecedented times. As business plans are being rewritten by the day and long-term plans remain uncertain, breweries are reaching out to the government – local, state, and federal - for relief.

State brewing guilds have prepared letters that their members can send to their legislators asking for specific help, and a stimulus bill was passed on Capitol Hill that will hopefully offer some relief.

This episode begins with co-host John Holl talking with Daniel J. Pische, a Senior Vice President at First American Bank, about the Small Business Administration offering low-interest loans to businesses and what that means for breweries.

In the Beer Edge newsletter this week, John Holl wrote about a brewery that is maintaining its staff despite closing to the public. We also wrote about Nielsen's explosive off premise growth numbers.

For more information on the Beer Edge Podcast, or to check out Beer Edge: The Newsletter for Beer Professionals, follow us on Twitter @thebeeredge and subscribe to our beer industry focused newsletter. There is more information, articles, and engaging content at Beer Edge.

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