Good News! We received (finally!) our Letter of Interest from the Federal Credit Union for a cool 400K. They have agreed to lend us the funds with a bunch of obtainable and agreeable conditions, which includes our first born child.
We are participating in the SBA 504 loan program through the Pacoima Development Federal Credit Union. I shopped around to several handful of banks, but found that Development Federal Credit Unions really (and I meaning focused on job creation) wanted to lend to start ups and were looking to create jobs in Los Angeles.
HEADS UP BANK PEOPLE! Production breweries are in all aspects Manufacturing, not the restaurants that you classify us in. Over the next five years, we will employ well over 20 people during different shifts of the day. If you are looking towards job creation, looks towards craft breweries!
It is a lot of paperwork and sometimes feels like you are hitting your head up against a brick wall. But, boy does it feel good when you stop.
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