• Skip to primary navigation
  • Skip to main content
  • Skip to footer
The Progress Fund

The Progress Fund

The Progress Fund

  • (724) 216-9160
  • Ask about a loan today
MENU
Hide Search
  • Home
  • Loans
    • Small Business LoansThe Progress Fund provides financing from $20,000 to over $1,000,000 to people who are starting, expanding or buying small businesses.
    • Get Loan ReadyLet us help connect you to the right resources to grow your business.
    • Ask About a LoanExplore your loan options.
    • Resources for EntrepreneursOur small business experts can help you plan your business start-up or a new type of venture.
    • FAQFind answers for commonly asked questions about us, how to apply for a loan, our loans, and technical assistance.
    • Application FormsContact us first before submitting the forms.
  • Borrowers
    • Browse Borrowers
    • Explore Borrower Map
  • Stories
  • About
    • About UsThe Progress Fund provides financing and business coaching to help people like you to grow businesses and create jobs for the region.
    • StaffThe Progress Fund staff combine lending experience with dedication to help small business owners.
    • ImpactsThe Progress Fund makes a difference.
    • Praise by OthersWe have provided financing to help people grow their businesses. Learn what people are saying about us.
    • Board of DirectorsOur Board of Directors combines experience and dedicated community service.
    • History and AwardsThe success of our work has brought notoriety and awards for community development impact.
    • Our SupportersWe rely on financial support of state and federal agencies, private foundations, and commercial banks.
    • Community DevelopmentWe have been creating opportunities along the Nation’s Trails since 2007 as well as redeveloping key properties in key communities.
    • The West Newton StoryCommunity development loans and real estate developments projects have supported the start-up and expansion of small businesses that are changing the future of the community.
    • EmploymentView our current job openings.
  • Contact
  • 724-216-9160
  • Display Search
Home Borrowers Wine, Beer & Spirits Abjuration Brewing LLC

Abjuration Brewing, LLC

Location:

644 Broadway Avenue
McKees Rocks, PA

County:

Allegheny

Description:

Business expansion

Total Project Cost:

$59,655

Visit Online:

abjurationbrewing.com

Essentially, we got more capital and we’re paying less, so that’s pretty much a no-brainer.  We upgraded our system and we’re going to be able to make more beer.  And we have less to pay back on it a month.  That means more money that will put us toward more growth, which is what we want.

Dave Hallam, co-owner, Abjuration Brewing

People

Start with a Christmas present: a home brewing kit Dave Hallam got from his wife.  Mix Dave’s science background with the unbridled creativity of friend Tom Glover.  Add the owner of an entertainment complex, who tasted their beer at the Steel City Big Pour and invited them to open a pub.  Sounds like a recipe for a great small business story.  The sour note:  Abjuration Brewing’s initial financing siphoned their cash flow, and crowdfunded investment wasn’t enough to ferment growth.

Progress

When Dave and Tom decided to expand, they learned that The Progress Fund had backed several brew pubs.  The Progress Fund refinanced their debt and financed equipment to triple their production

Impact

Abjuration means rejection of an oath or belief, and Dave and Tom renounce the practice of making the same beer over and over.  Instead, they’re adding mouthfeel to the McKees Rocks entertainment scene with a constantly changing menu that might include an Oaked India Pale Ale, Boysenberry Fruited Sour, Milkshake Ale, Rye Brown Porter or anything else they conjure up.  They’re expanding via outdoor seating, potentially tripling their payroll and considering the formation of a brewer training lab.  “This loan from The Progress Fund has secured us into McKees Rocks for the long-term,” says Dave, “and we couldn’t be happier about that.”

View Story as PDF
More Wine, Beer & Spirits Stories

Wine, Beer & Spirits

Previous borrower Unison Bike Lab
Next Borrower Velum Fermentation

Signup for our eNewsletter

See the latest news on our borrowers, stay up to date on events and more.

Privacy Policy

Footer

  • Home
  • Small Business Loans
    • Ask about a loan
    • Application Forms
    • Resources for Entrepreneurs
  • FAQ
  • Our Borrowers
    • Browse Borrowers
  • The Progress Fund Stories
  • About Us
    • Staff
    • Impacts
    • Praise by Others
    • Board of Directors
    • History and Awards
    • Our Supporters
    • Community Development
    • The West Newton Story
    • Employment
  • Contact Us
The Progress Fund

Main Office

724-216-9160
425 W Pittsburgh St
Greensburg, PA 15601-2211

Connect With Us!

  • Follow us on Facebook
Copyright © 2023 The Progress Fund. All Rights Reserved.
This institution is an equal opportunity provider and employer. | Sitemap | Privacy Policy | Website by DDS
Scroll Top of Page