SBA 504 Brewery, Winery and Distillery Feasibility Study in Indiana

Size and standing of the Indiana brewery, winery and distillery record

The Indiana brewery, winery and distillery cell holds 30 loans under SBA 504 from FY2017 through FY2026, totalling $22.8 million. Indiana is 5 among states by brewery, winery and distillery loan count, while Indiana holds brewery, winery and distillery at 5 of 39 among its classes. Indiana borrowers took a median of $498,000, which is 0.80x of the figure that brewery, winery and distillery borrowers elsewhere receive, in Indiana, below the SBA 504 norm for brewery, winery and distillery. The central half of Indiana loans starts at $310,250 and, for brewery, winery and distillery, tops out near $1.1 million; 0.00% of Indiana brewery, winery and distillery loans carry a franchise flag.

Indiana holders and counties

By brewery, winery and distillery loans approved in Indiana, Indiana Statewide Certified Development Corporation (10; $8.6 million); Premier Capital Corporation (7; $6.1 million); Regional Development Company (7; $5.4 million) come first. SBA lists each Indiana brewery, winery and distillery holder as current. Geographically, Lake (6), Hamilton (4), La Porte (4), Brown (3) and Allen (2) lead Indiana brewery, winery and distillery lending.

How the brewery, winery and distillery pipeline moved

Indiana brewery, winery and distillery approvals per year: FY2017 3 ($3.2 million), FY2018 3, FY2019 0, FY2020 2, FY2021 3 ($4.2 million); then for brewery, winery and distillery in Indiana FY2022 6, FY2023 6, FY2024 1, FY2025 4, FY2026 2. The top Indiana dollar year, $3.7 million, was FY2022. In FY2019, Indiana saw no brewery, winery and distillery approvals.

How Indiana loans ended up

In Indiana, Loan Analytics prints no cancellation rate for brewery, winery and distillery; the Indiana cohort is too thin, and silence on brewery, winery and distillery is not zero. Charge-offs of Indiana brewery, winery and distillery loans are withheld: Indiana funded too few brewery, winery and distillery loans in Indiana, so no rate is printed in Indiana for FY2017 to FY2021, and that blank should not be read as a zero.

Indiana producers under SBA 504

Under SBA 504, an Indiana brewery, winery or distillery is financed largely for its building and equipment. The study should size production against demand through distribution, taproom visits and shipping, document the license and excise obligations, and test cost against the $498,000 median. Coverage should be shown through the ramp, and the appraiser will separate the real estate from brand and inventory.

Indiana makers: invisible uses

A tasting room or event use leaves no trace in a class that identifies only producers. Wineries are included in this class, so Indiana totals describe production.