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Summit will keep beer flowing as loans are transferred to new lender

Summit will keep beer flowing as loans are transferred to new lender
Photo: KSTP 5 Eyewitness News (ABC) · view original

Summit Brewing will avoid foreclosure after it reached an agreement to have its outstanding loans acquired by a new lender. Last month, Chicago-based BMO Bank sued to foreclose on the St. Paul brewery and place Summit’s assets in receivership after the company failed to pay off a $1.25 million re...

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