We are excited to attend this year's 24th Annual Wine Industry Conference by North Bay Business Journal. Is anyone else attending? We'd love to connect! Link for tickets: https://mynorthbaytickets.com/events/wine-industry-conference-4-23-2024?pupeml=218741

Refinance Your Winery or Vineyard with the SBA 504 Loan Program: Here's Why! Attention winery owners! Discover the benefits of refinancing with the SBA 504 Loan Program: Financing up to 90% of the appraised property value. For cash-out projects, up to 85% financing is available. Cash out up to 20% of the value of the property for working capital needsPay salaries, rent, utilities, inventory or other obligations of the business with cash previously trapped in equity Below-market interest rate, currently, fixed for 25 years The ability to consolidate multiple loans Existing equity often fulfills the down payment requirement Enjoy enhanced cash flow for growth and profitability. Contribute to local economic development and job creation. Access expert guidance and support throughout the process. Refinance with the SBA 504 Loan Program and uncork the potential of your winery! 🍷🌱🚀 Learn more: https://www.tmcfinancing.com/sba-504-loans/refinance-commercial-mortgage-debt/

Experts estimate the global wine market will reach a size of $825 billion by 2030 – and a significant part of that growth will happen due to expanded production in Napa Valley, California. Renteria Vineyard Management is at the forefront of premium wine production. “Renteria Vineyard Management is a full-service vineyard management company,” explains Blanca Wright, its Chief Financial Officer. “We start in the vineyards when the plants wake up all the way until they go to sleep.” With over 2,000 acres under management, the firm will add about 150 more in 2023, reaching 600 employees at peak season. With help from TMC Financing and the SBA 504 Loan Program, Renteria recently acquired a 5,049-square-foot building in the heart of Napa’s wine country for $1.4 million and only 10 percent down payment. “Renteria has been a longtime leasee, but owning was always a goal for them,” explains Anna Rummelein who administered the SBA 504 lo