GREENSBORO, Ga. — Oconee Brewing Company, a beloved brewhouse in Greensboro, is facing foreclosure after lingering financial hardships from the COVID-19 pandemic.
"Our 11,000 square foot facility has not been immune to the recent economic decline of the craft beer industry across the nation," Co-founder and Brewmaster Taylor Lamm wrote in a Facebook post.
RELATED: Hiccups in Georgia's craft beer biz
Lamm said the brewery's U.S. Small Business Administration (SBA) loan rose up to 11.25%, which "has been a very difficult road for the Brewery to navigate."
"We set out to build a production brewery, but over the last seven and a half years, OBC has become so much more than just about beer. The former cotton mill has become a community gathering place of which we are incredibly proud," Lamm wrote in the post.
In new developments, Ameris Bank has brought a foreclosure action against the Oconee Brewing Company, citing an outstanding principal amount of $1,167,316.
"Our hope is that a small group of investors will come forward. We are continuing to explore all options and remain optimistic that we can find a solution," Lamm added in the post.
Oconee Brewing Company was part of a Downtown Greensboro revitalization development. The brewery opened its retail production facility and tasting room on May 6, 2017.
"We are continuing to explore all options and remain optimistic that we can find a solution," Lamm added. "For now, I’m still brewing beer and we intend to keep the doors open as long as we can."
To read Lamm's full message to patrons, click here. You can also learn more about the brewery online here.
