PPP Round 2: What Breweries Need to Know

In today's podcast we hear from Jason Sleeman from United Community Bank. Jason has 20 years' experience in banking, and the last 6 years running the craft beverage vertical for United Community Bank.The hot topic on everyone's mind is the second round of PPP funding. What do breweries need to know right now to take advantage of this relief package?  How does the NAICS code factor in to the PPP?  In other words, will production breweries who also operate taprooms qualify for a larger loan?  3.5x vs 2.5x of monthly payroll, for example.  What about new breweries that just opened up as the pandemic was starting...will they qualify for relief?  You've got questions, Jason has answers. Key Topics:PPP Round 2...Q&A with the lenderHow to raise funds for a start-up breweryExpansion financing overview...how to fund the new canning lineResources:Contact Jason Sleeman at United Community Bankemail: [email protected]: 404-375-3945Coronavirus Resource Center from McLane MiddletonDon't forget to sign up for the Free Craft Brewery Financial Training NewsletterToday’s episode is brought to you by BevCap. At Beer Business Finance, we talk a lot about installing systems that improve profitability and health insurance should be no exception. BevCap helps beverage companies apply the same discipline they use across the rest of the P&L to employee benefits, helping create smarter plans, more visibility into costs, and significant savings over time. To learn more visit BevCapManagement.com. Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies.