Throwback Brewery was founded in 2010 by two long-time home-brewing enthusiasts, Nicole Carrier and Annette Lee, who leased an industrial space in North Hampton, N.H. and began brewing a wide variety of craft beer year-round. Throwback’s brand quickly became a popular choice at many local Seacoast restaurants and retailers, but the brewery lacked the production level to satisfy the local demand.
In 2012, Nicole and Annette bought the historic Hobbs Farm property on Route 1 in North Hampton. They planned to grow hops and other ingredients there, as well as renovate the barn to create a farm-to-table restaurant, function space, and 15-barrel production facility. Their bank provided a construction loan through the Small Business Administration (SBA) 504 program, but they needed equipment financing beyond what the SBA could guarantee.
Why the Community Loan Fund made the loan
Throwback Brewery had a well-regarded product in the N.H. market and had demonstrated revenue growth over the life of the business. Nicole’s and Annette’s brewing and management skills made us confident the business would hit its projections and repay both the bank and the Community Loan Fund.
Nicole and Annette also recognized they would need help to make their vision for a full-scale farm-to-table restaurant a reality. With the Community Loan Fund’s help, they identified a consultant with expertise in the restaurant industry, who helped them plan everything from menu pricing to kitchen design.
Throwback Brewery opened at Hobbs Farm in 2015 to rave reviews from foodies and beer enthusiasts alike. In 2017, Throwback Brewery was voted Best Brewery in both the New Hampshire Magazine Best of NH awards as well as the Best of the Seacoast Awards. Recently, Nicole and Annette were also awarded the 2017 New England Woman Owned Business of the Year by the Small Business Administration.