SEATTLE (AP) — As she helped tap a keg, U.S. Senator Maria Cantwell lauded a federal small business loan program she helped pass through Congress at a Seattle brewery expanding its operations.
The Democratic senator joined Elysian Brewing Co. officials on Sunday as they announced they’re adding 35 new jobs to their new brewery complex in south Seattle.
Elysian Brewing CEO Joe Bisacca says that because of the Small Business Jobs Act his company had access to the $5 million loan that’s financing the expansion.
The Small Business Jobs Act decreased fees and increased small business loan guarantee limits from $1.5 million to $5.5 million for some business. It passed Congress last September.
Cantwell says the loans will be a key turnaround for small businesses.