More than a 504

4.57%

Real Estate 20-year Fixed

4.12%

Equipment 10-year Fixed

South Deerfield Business Expands with Help of CDC New England

CONTACT:  Patti Doyle, 401-374-2553patti.doyle@gmail.com

 

SOUTH DEERFIELD, MASSACHUSETTS, July 17, 2017: Berkshire Brewing Company, a South Deerfield based brewing company, received much needed capital to expand its operations, adding a filling and canning line to the brewery.

The Brewing Company, founded in the fall of 1994, has grown from a small operation brewing seven barrels at a time to New England’s premier regional craft brewery, distributing to locations across New England. Gary Bogoff, the president and founder of the Brewery, notes that this equipment 504 deal will help further the brand’s mission. “This equipment expansion will streamline our packaging process, and help us focus on our main goal- brewing the clean, fresh, well balanced ales and lagers that we’ve been perfecting since we opened,” said Mr. Bogoff. He continued, “We are grateful to Community Bank NA (formerly NUVO, a division of Merchants Bank) and CDC New England for assisting us in this expansion.”

“Berkshire Brewing Company played a crucial role in reviving high quality craft brewing in western Massachusetts, their product is truly a success in the area and beyond,” said Carol Brennan, director of business development for CDC New England “Gary and his team truly love what they do, and we were impressed looking at the expansion of his company over the years. We remain confident that they will continue to expand, and hope this loan will assist in that process.”

She continued, “This is another great example of how an SBA 504 Loan Program can assist local companies grow their business, and ultimately expand their brand. It provides an ideal financing option for companies seeking to expand, make capital acquisitions, lower down payments in order to preserve cash for working capital, and lock-in a portion of their financing at a fixed rate for a 20-year period. We are elated to partner with the Berkshire Brewing Company on this particular venture.”

The media is welcome to tour the Berkshire Brewing Company and may arrange to do so by calling Patti Doyle at 401-374-2553. The brewery is also open for public tours on Saturday afternoons at 1:00pm.