Eastside Distilling Receives $1.4 Million PPP Loan Approval and Funding
04/16/20, 1:11 PM
Location
monroeMoney raised
$1 million
Industry
manufacturing
Round Type
seed
Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside") and Craft Canning + Bottling, LLC, a subsidiary of Eastside ("Craft Canning," and together with Eastside, the "Company"), today announced that they have entered into loan agreements with Live Oak Banking Company ("Live Oak Bank") under the Paycheck Protection Program ("PPP") of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") totaling approximately $1.4 million in aggregate.
Company Info
Location
755 main street
monroe, connecticut, united states
Additional Info
Eastside Distilling, Inc. (NASDAQ: EAST) has been producing high-quality, award-winning craft spirits in Portland, Oregon, since 2008. The Company is distinguished by its highly decorated product lineup that includes Redneck Riviera and companion brand Granny Rich Whiskey, newly acquired Azuñia Tequilas, Burnside Bourbons and Rye, Hue-Hue Coffee Rum, and Portland Potato Vodkas. All Eastside spirits are crafted from natural ingredients for quality and taste. Eastside's Craft Bottling + Canning subsidiary is one of the Northwest's leading independent spirit bottlers and ready-to-drink canners.