Banking Solutions for Craft Breweries and Distilleries
Meeting the Financial Needs of Your Craft
The team at Peoples Bank has extensive lending expertise and understands the unique financial needs of craft beverage producers. We see tremendous value in supporting local businesses providing a specialized offering, using locally-sourced ingredients and resources, and creating local jobs. Our goal is always to understand and support our customers’ passion for their craft and be a trusted advisor in the early stages, and as their business grows. The commercial lending team at Peoples Bank offers personalized service and is available to create a financing solution that is right for you.
- Working Capital
- Financing new or used equipment
- Growth and Expansion Financing
- Construction Financing
- Commercial Real Estate Purchase and Refinancing
- Small Business Loans
Kulshan Brewing Company - Bellingham, WA
"When we went to open K2, that's when we started our relationship with Peoples Bank. They stepped in and said 'yes, we can help.'" Dave Vitt, Kulshan Brewing Company
Icicle Brewing Company - Leavenworth, WA
"We care deeply about our customers' success, so there's no better feeling than to be able to work with local businesses, such as Icicle Brewing, and be a part of their growth in the community." Audrey Bessonette, Commercial Banking Officer
Financing Breweries and Distilleries
As a locally owned bank with third generation family leadership, we are deeply committed to supporting small businesses in our community. Craft brewers and distillers are passionate about creating a unique product and we want to help them succeed. We offer a full suite of services and loans that fit the needs of this specialized industry.
Articles to Help Your Business Succeed
How a lender can help your brewing business
As the industry grows, more financing options are becoming available for local craft brewers. Here are a few financing guidelines for craft brewers to consider as they get ready to launch or expand their business.
Financing passion: Banking tips for craft distilleries
Since 2008, more than 100 licensed distilleries have opened Washington state, which the Washington Distillers Guild estimates to be the highest number in the U.S. Along with this growth, the doors are opening for lending, which will certainly lead to even more innovation. Whether you are just thinking about starting a craft distillery, or are looking to expand your business, here are some pointers when it comes to financing.