MISSISSAUGA, Ont. — CWB Franchise Finance, a division of CWB Financial Group, has introduced a specialized lending program for the craft-brewing industry with the announcement of its newest client, Half Hitch Brewing Company.
With 20 years of lending experience working directly with restaurants and hospitality, the new offering represents growth for both CWB Franchise Finance and a maturing brewing industry that requires an agile and expert financial partner. CWB Franchise Finance will focus on providing simplified lending structures that fosters development for Half Hitch and other established brewing companies.
“Many small- and medium-sized breweries are looking for creative ways to grow, especially with the challenges of the COVID-19 pandemic,” says Cam Moser, senior manager, CWB Craft Brewery Finance, a 15-year veteran in the craft-brewing industry. “Business owners in this category are passionate about producing great beer, but they need a financial partner that can provide capital for investments unique to their operation, product and brand.”
“CWB was the obvious choice for our financing,” says Kyle Heier, co-founder and CEO of Half Hitch Brewing. “They package top-notch service with flexibility and a personal touch while being focused on our specific needs. We can confidently grow our business knowing that CWB doesn’t treat us as a number and looks well beyond the numbers. Their team is eager to learn our business inside and out to best focus on our vision and direction. We were provided with tools to execute our plan and a new team member to grow with.”
Targeted at brewery owners with a minimum two years of operation, CWB Franchise Finance provides a spectrum of industry-focused financial products, flexible structures, as well as proactive focus and attention.