Sam Adams Founder Helps Craft Brewers Grow Via Microloans
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Boston Beer Company founder Jim Koch – maker of Samuel Adams – launched a program called Brewing the American Dream in 2008, which aims to help small business owners grow their businesses in the food, beverage and hospitality industries. The program offers mentorship as well as microloans, for which the interest rate depends on both the size of the loan and the borrower’s history, but according to the company are competitive with standard loan rates.
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