Stone Saloon gets financing!

Stone Saloon is pleased to announce that in August it secured SBA financing through Anchor Bank of St. Paul and SPEDCO, a nonprofit Certified Development Company (CDC) that originates SBA 504 loans in Minnesota and Western Wisconsin. Anchor Bank has partnered with a number of craft breweries in the Twin Cities and brings not only capital but a great deal of expertise to the table.  Honing the business plan and converting our dreams to spreadsheets was a healthy exercise for a project otherwise fueled by a passion for preserving the Twin Cities’ oldest (and only) surviving Civil War saloon. The Stone Saloon’s SBA loan and additional private capital will cover the costs of its rebuilt rear addition and two-story brew barn, commercial kitchen and 14 barrel brew system—but there’ll still be an opportunity later this year for others to chip in on special features to make this a one-of-a-kind space!
 

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