The SBA Administrator announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic. The SBA is ready to receive new applications immediately from small businesses looking to take advantage of these new policy […]
One of the key programs under the CARES Act is the forgivable Paycheck Protection Program (PPP) loan fund. Many brewers may have applied for and received a PPP loan. Since the inception of the program, the PPP loan application has required businesses to certify that the “current economic uncertainty makes [the] loan request necessary to […]
Global NY Loan Fund – Distilled and Fermented Beverage Initiative – $5 million Through the Distilled and Fermented Beverage Initiative, ESD will provide zero percent interest loans in principal amounts between $10,000 to $50,000, with terms of up to seven years, directly to New York State’s small and medium-sized companies in either the distilled or […]
By Jamie Ruiz and Brendan Palfreyman It is a great time to be in the craft beverage industry in New York State. Through the Consolidated Funding Application (CFA), craft breweries can apply to multiple sources of funding via one application to the local Regional Economic Development Council (REDC). Eleven state agencies have made funding available through […]