California is a national hotbed for the craft beer industry, spawning over 500 small businesses breweries and generating over 48,000 jobs.
According to the California Craft Brewers Association, craft beer is a $6.5 billion industry in the golden state, providing the largest economic impact of any state.
Over the years, many craft beer entrepreneurs have turned to SBA financing to grow and expand their companies. They’ve used this financing to acquire production facilities, construct buildings, purchase large equipment, buy products and cover working capital needs.
CDC Small Business Finance, a not-for-profit lender, has helped several craft brewing small businesses launch and expand operations, providing nearly $30 million in SBA financing. Here are a few of the companies – including the international brand Stone Brewing – that CDC has assisted with SBA-504 loans as well as Community Advantage and SBA Microloan financing: