The State of Lending in the Wine Industry Post-COVID
Banks are seeing unprecedented loan volume as a result of industry-wide optimism for wine's comeback.
“The last year has been probably the most tumultuous year in my career in the beverage industry, with the exception of the late 1990s and the early 2000s that coincided with the dot-com boom and grape glut,” said Jeff Clark, senior lender at Live Oak Bank. “It’s been non-stop change.” And now that the pandemic has subsided, there’s still no slowdown for banks in sight. “We’ve been incredibly busy year to date. We’ve had unprecedented loan ...
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