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October 2006
Lender Insights on the State of the Industry
Lenders discuss wine industry inventories, optimism for the future, and a desire to increase business.
by Paul Franson
In spite of a huge grape crop in 2005 and high levels of mergers and acquisitions, most banks contacted by Wine Business Monthly remain very optimistic about the wine business. One of the major financial institutions funding wineries is Silicon Valley Bank. "We haven't changed a bit," said Rob McMillan, executive vice president and division relations manager for wine in St. Helena. McMillan said that the bank is always bullish on the long term about the business, whether the industry is at the...
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