BUSINESS CAPITAL SECURES SBA LOAN FOR MAD DUCK BREWERY
Our Client, Mad Duck Craft Restaurants and Brewery, was started in 2009 and operates two full-service brew pub establishments in the Fresno, CA region. Mad Duck is unique in that is the only microbrewery in the immediate area and distinguishes itself by offering high quality farm-to-table meals and craft brews in a family friendly and affordable style. In addition to the pub and restaurant operations, the Company also operates a full 10-barrel brewery production facility. The brewery currently produces 1,000 barrels of proprietary handcrafted small batch beers, only available within each restaurant, and offers a complement of other well-known craft beers as well.
In response to rapid growth, Mad Duck approached BizCap to help the company recapitalize its balance sheet and provide working capital to help support anticipated future growth.
Due to BizCap’s extensive experience in the food & beverage space, including working with craft breweries, the team was able to quickly structure and deliver an SBA term loan that would allow for the pre-payment of the shareholder loan and provide an affordable repayment schedule. The loan proceeds also provided some working capital which allowed Mad Duck to facilitate future growth.