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Finance

2 Calistoga Wine Properties Face Foreclosure

Calistoga Vintner Services “is working through a capital restructuring involving” two Calistoga wine properties which face foreclosure Oct. 16, founder Jorge H. Anguiano told the Napa Valley Register. He attributed the financial squeeze to broader macroeconomic and industry pressures.” Notices for the foreclosures show a total of $46.25 million.

Judd's Hill Winery Another Victim of Continued Downturn in Wine Consumption

Judd's Hill Winery is winding down its winery operations and will not longer produce custom wines or operate a winery facility. "The continued downturn in wine consumption and sales has made it no longer pssible for us to continue operating," the winery said in a letter

Signorello Estate Faces Foreclosure

It took seven years for Signorello Estate Winery to recover from the 2017 Atlas Fire. Now, it could be sold at a public auction after American AgCredit filed foreclosure papers to foreclose on two loans – one with a balance of about $30.9 million, the second with a balance of

Big change for small businesses: No more SBA loans for non-citizens

Any business that’s even partly owned by a permanent legal resident with a green card is no longer eligible for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy. It could not immediately

Is Treasury Wine Estates on the Verge of Bankruptcy? Probably Not

One of the oldest games in Wall Street – and financial centers elsewhere – is to peddle a story that a business is in financial trouble. The idea is usually to drive the price of shares down to a point that a profit can be made by buying back the shares at

Bev/Al Stocks Down, But It's Earnings, Fundamentals, to Blame -- Not Trump's War

Of the 10 largest U.S. alcoholic beverage stocks, only MGP Ingredient rose Monday. The rest fell, largely, analysts said, because of company and industry-specific factors, especially Diageo's report last Wednesday in which the company reported net sales fell 4% to $10.46 billion. Profit, meanwhile, rose

Beware of Merchant Cash Advance Financing

If a wholesaler's customers uses merchant cash financing (MCA), beware. Most state laws protect bev/al wholesalers against the dangers of merchant cash advance financing by requiring either cash on delivery or complete payment monthly. But still, if you're not aware of this financing racket, you