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Eastside Distilling Receives $1.4 Million PPP Loan Approval and Funding

Apr 16, 2020•about 5 years ago

Amount Raised

$1 Million

Round Type

seed

MonroeManufacturing

Description

 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 Information

Company

Eastside Distilling

Location

755 Main Street

Monroe, Connecticut, United States

About

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.

FundzWatch™ Score

88
Medium Activity

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