El Cajon Brewing Company

EL CAJON BREWING COMPANY CLOSES ITS DOORS

 

City seeks new brewery/restaurant to takeover loan

April 2, 2013 (El Cajon)--After previous good faith attempts to continue operation, the El Cajon Brewing Company, which opened in October 2011 with hefty loans of public finds, has closed its doors as of April 1.


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EL CAJON BREWING COMPANY DECLARES BANKRUPTCY

By Miriam Raftery

October 27, 2012 (El Cajon) – The El Cajon Brewing Company has filed for Chapter 11 bankruptcy, but the owner says the restaurant aims to reorganize and stay in business.

The brewery has received at least $645,000 in funds from the City of El Cajon, including $300,000 in start-up funds approximately three years ago, followed by a $345,000 loan borrowed from redevelopment funds to complete the renovation, the U-T  San Diego reported in April 2011.

Asked what the bankruptcy could mean for the city, Councilman Gary Kendrick told ECM, “This is a bankruptcy reorganization, so hopefully they will be able to reorganize their debt and continue operation or find another operator.  The city has a lien on their equipment as security for the loan. The value of the equipment would cover a significant part of the unpaid loan balance.”


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