40 min listen
PPP Round 2: What Breweries Need to Know
PPP Round 2: What Breweries Need to Know
ratings:
Length:
40 minutes
Released:
Jan 12, 2021
Format:
Podcast episode
Description
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: Jason_Sleeman@ucbi.comphone: 404-375-3945Coronavirus Resource Center from McLane MiddletonDon't forget to sign up for the Free Craft Brewery Financial Training Newsletter
Released:
Jan 12, 2021
Format:
Podcast episode
Titles in the series (100)
The Future of State Alcohol Regulation by Craft Brewery Financial Training Podcast