Sam Adams founder Jim Koch talks about loaning to small businesses and how it helps the local economy.
Craft beer pioneer and Sam Adams founder, Jim Koch, has been giving loans to entrepreneurs that banks often overlook.
They are the very people who are trying to tap into the food and beverage industry, some of which essentially compete against Koch’s Boston Beer Company. But even with the potential for these smaller businesses to one day become competitors, Koch, a sixth-generation brewer who launched Boston Beer Company in the early ’80s, sees it as his responsibility to support and nurture the craft beer industry.
“We’re loaning to mom and pop, three-person businesses that banks don’t even want to look at,” Koch told FOX Business.
Today, Koch’s company has a market capitalization $3.42 billion and owns household names such as Samuel Adams, Twisted Tea, Angry Orchard, Truly…
