Opus Bank’s San Diego Commercial Banking division provides funds to Modern Times, LLC for continued growth
Overview of Transaction
- Modern Times, LLC (“Modern Times”) began operations in 2012 and has quickly become one of San Diego’s premier microbreweries. Modern Times specializes in brewing complex, flavorful beers, often times brewing hybrid styles of beer.
- Modern Times was named “one of the Top 10 Best New Breweries in the World” by RateBeer in 2013.
- With demand outpacing current production capacity, Modern Times was looking for financing to expand their operations.
Significance of Transaction
- Opus Bank (“Opus”) provided growth financing, which will allow Modern Times to expand their production to meet the growing demand for their product.
Opus Bank's Role
- Opus partnered with Modern Times to understand their growth goals and was able to provide growth financing to support their expansion plans.
- Opus was able to respond quickly and decisively to accommodate Modern Times’ financing needs.