New Banking Relationship
Earlier today I got official word that the new financing arrangement we have been working on for what – forever? – funded. Westwood is now one of the brands supported by the wine division at Silicon Valley Bank.This is huge for us – our biggest accomplishment of the year as a business and a major milestone on our path to success. The new, expanded credit facility makes it much easier for us to increase our plantings at the Annadel Estate.
Stronger banking support also will help us more aggressively support the brand as we release new wines in the market, and manage the transition from being a winery that relies on all purchased fruit to one that is nearly 100% Estate-grown.
Silicon Valley Bank serves an elite group of wineries. I think its cool that we have been invited to play in the same sandbox.
posted 6/25/2008 07:39:00 PM
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