Cory Damm, our VP of client services, recently penned an article for Craft Brewing Business, advising breweries on how to combat equipment challenges. With his extensive experience in the equipment finance industry and assisting breweries of all sizes with securing equipment at terms that fit their business models, Cory provides tangible and actionable advice in this piece.
Cory outlines the three main equipment challenges facing breweries …
- Opening a brewery
- Expanding
- Adding a new menu item
… details all business aspects involved in each challenge, and outline scenarios where each would occur. Specifically, he highlights LeaseQ borrower, Prestige Brewing, and their journey to opening a brewpub in North Carolina.
In reference to Prestige Brewing’s success with equipment financing, Cory says:
Equipment financing allowed Prestige Brewing to secure all of the equipment needed at terms and pricing that fit into their business model without the significant amount of interest associated with a traditional loan. Prestige was able to decide on the exact brewing equipment they needed to make their dream a reality while keeping funds on hand for unexpected costs.
To read Cory’s article in full, please visit: http://bit.ly/2oaEvxM