According to the Brewers Association, there are over 5,000 craft breweries in the United States today. This historic milestone and growth comes as no surprise to craft brewers and owners, industry experts and enthusiasts. The industry is immensely popular, growing at a rate of eight percent annually*. The local craft brewery is increasing a place where neighbors, families and friends can commune in fellowship, while exploring the innovative creations of the American craft brewer.
Look no further than Council Brewing Company in San Diego, California as a prime example of how passionate entrepreneurship can produce a thriving brewery business and help develop a vibrant community. Owners and brewers Curtis and Liz Chism founded their brewery in 2013 focusing on the principles of community and craftsmenship. Quality beers and valuable conversations are what brings daily joy to this husband and wife team.
What once started as a home hobby in the backyard grew into a successful business within a reasonably short span. In 2016, their success drove Curtis and Liz to seek expansion of their existing location. They needed working capital to meet demand, which is a common occurrence for many craft brewers. That’s when they connected with Live Oak Bank’s Senior Loan Officer Tracy Sheppard.
Tracy specializes in expansion financing for craft breweries nationwide, and, after traveling to meet Curtis and Liz, he knew that Council Brewing Co. was an ideal candidate for an expansion loan. Once approved, the Chisms enlarged their facility and taproom and purchased new equipment to increase their capacity and efficiency.
Live Oak is a committed partner for the craft brewing industry and seeks to help all craft beverage producers reach their goals and aspirations. If you can relate to Curtis and Liz’s story, then learn more about your craft brewery financing options and our team of lending experts.
Ready to start the loan application process? Apply today with Live Oak Bank!
Learn more about our Craft Brewery Loans.