The U.S. Wine Industry Boom
Bacchus, the Roman god of wine is said to have taught mortals how to turn grapes into wine. Many of today’s sommeliers and wine enthusiasts can identify the species of grape by just a single sip from a glass of wine. Trips to vineyards and participation in wine-tasting events are a major and growing U.S. romantic pastime. Throughout the ages, nothing has been more significant in distinguishing between individual taste, standards, social standing, values and cultural upbringing than wine. The mystique, history, and art around winemaking have contributed to the boom of the industry in the U.S.
American grown grapes and the wines they produce are percolating to the top of the class in the global industry because the soil and climatic conditions in the U.S. have proven to be favorable to grapes originally thought to be viable only in Europe. Indeed some of the old world grapes are faring much better in the U.S. than anywhere else in the world.
And now, American wines present a formidable challenge to wines with centuries of history around the world.
Yes, The U.S. industry is hot!
This is why there is a great movement to finance and support start-ups and existing businesses to achieve their potential.
There is no better time than right now for you to get into the industry or expand on what you have. LaGray Finance is standing by with a variety of products custom-tailored to support you from start-up to expansion.
Here are some of the financing products we have to offer:
- Purchasing or refinancing a vineyard or winery
Conventional, SBA and USDA guaranteed loans could get you started in a vineyard or winery business or restructure your existing business by refinancing existing debt to reduce interest rates and improve cash flow.
- Expanding your business
Asset-based financing plans will support the growth of your business and enable you to step out of your comfort zone and enter into new national and international markets or introduce new products into your existing market.
- Renovating your winery
Favorably structured conventional and SBA guaranteed loans can help you renovate and stay up-to-date to enhance the image of your winery. For example, you can get the capital you need to add an extra revenue-generating tasting room or a banquet facility to your winery.
- Acquiring or leasing equipment
We have loan packages that will enable you to acquire or replace farming and processing equipment.
- Obtaining working capital
Financing to help expand your business through advertising and other forms of marketing, such as creating a social media presence or for day-to-day expenses such as meeting payroll.
Why LaGray Finance?
We are partnered with hundreds of banks and non-bank lending institutions nationwide and are positioned to get you the funding you need no matter where your business is located.
We are convinced that the U.S. industry has immense potential. That is why we stand by to have extensive discussions with you so we can thoroughly understand your needs and share our perspectives with you. So, from start-up to major expansion, we stand by to support you with a custom-crafted commercial loan that will meet your unique needs.