February 14, 2014

Bankers loaning more to brewers, restaurants

A very Brewing Co. is building a $27.4 million, 96,000-square-foot brewery and restaurant in Boulder — thanks in large part to bankers who loaned them money for the project.

Citywide Banks and Colorado Business Bank joined together to loan $22.4 million to the project, said Blake Peterson, president of Citywide Banks’ office in Boulder. Avery plans to spend an additional $5 million of its own funds on a new home.

Brewery representatives ran into expense roadblocks, Peterson said. But they persevered to break ground on the new site at 4910 N. Nautilus Court in Boulder in…

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