(Portsmouth, NH) – The latest from Smuttynose Brewing Company’s newsletter…

—

After years of waiting, working and planning Smuttynose has officially broken ground on our new home at Towle Farm!

We held a ceremonial groundbreaking on August 16 with our staff, local Hampton officials, Seacoast brewers, bankers and construction company folks and US Senator Jeanne Shaheen.

The recent state of the economy caused lots of difficulties in securing financing for the brewery, but the final piece was secured on August 10. The bulk of the $18 million came from private loans and cash. The gap funding came from a complex loan package sourced from The federal Economic Development Administration, the Business Finance Authority and the Coastal Economic Development Finance Authority as well as the Small Business Administration’s SBA 504 program. We are certainly thankful for each organization’s contribution towards our new

The building should be complete in September 2013 and we’ll give you updates when we’re able.