fbpx

In brief: ABC receives SBA loan to expand craft soda line

Appalachian Brewing Co. recently closed on a $1.76 million U.S. Small Business Administration 504 loan through the Harrisburg Regional Chamber and Capital Region Economic Development Corp.

The loan was approved to support the Harrisburg-based brewery’s craft soda expansion in Cumberland County. ABC purchased a vacant car dealership on the Carlisle Pike in Silver Spring Township and opened its seventh brewpub location there in June.

The former Sutliff facility also serves as a manufacturing hub for the company’s soda production.

The SBA loan was part of the $4.3 million project, which included the purchase of more than $1 million in equipment. It leveraged $2.5 million from equity and bank financing provided by Centric Bank.

Business Events

Diversity and Inclusion Summit

Tuesday, March 30, 2021
Diversity and Inclusion Summit

Nonprofit Innovation Awards

Thursday, May 20, 2021
Nonprofit Innovation Awards

Healthcare Heroes

Thursday, May 27, 2021
Healthcare Heroes

Women of Influence

Monday, June 21, 2021
Women of Influence