Access In Action - Beltway Brewing Company
Overview of Transaction:
- Beltway Brewing Company, a growing Loudoun County craft brewery which won the best business plan award in the 2011 Small Business Development Center (SBDC) Business Plan Competition, sought financing for operational expansion.
Significance of Transaction:
- Access National Bank was able to draft up a unique structured multidraw 10-year loan with interest only for 18 months converting to principal and interest payments for the remaining term for fixed asset purchases associated with plans to expand the brewery.
- Additionally, provided a line of credit for short-term working capital.
- Access National Bank partnered with Beltway Brewing Company to understand their growth goals. Through the Bank’s consultative approach, Beltway Brewing Company received the necessary creative financing expertise and institutional know-how to successfully execute on a plan favorable to the Brewery’s growth strategy.