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.
BROVO Spirits - Woodinville, WA
"It's a question of what can we do to help you versus what can we get from you. It's an actual relationship. It's weird, I didn't expect that from a Bank." Mhairi Voelsgen, BROVO Spirits
Icicle Brewing Company - Leavenworth, WA
"When I refer to Peoples Bank I do really think of them as a true partnership in business because just like your community it’s the same thing, it’s a partnership. We’re here for them and they’re here for us." Pamela Brulotte, Icicle Brewing
Valley Shine Distillery - Mount Vernon, WA
"I expect people to do what they say they're going to do, and that always happens with Peoples Bank." Ben Lazowski, Valley Shine Distillery
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
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
Craft distillers should meet with lenders early
Business owners, no matter what industry they’re in, should always meet with a lender early on. This allows both the business owner and the lender to identify the best financing options. A lender who believes in your mission from the get-go can serve as a partner with you as you grow, helping you make wise decisions and avoid potential obstacles.
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.