Mainebiz

V O L . X X I X N O. X I M AY 1 5 , 2 0 2 3 28 S M A L L B U S I N E S S F O C U S "I can't say what it is yet but it's a great nod to India, and something Indians love," Van Sharma said. "e second one will come out later in the summer. We worked with Alan on both [products], from holding tastings and working out what worked best for taste profiles." Noting that Rupee is growing, and needed two new beers in its brand offering, he added, "We're very excited to launch them in coming weeks and introduce them into the market. Stay tuned!" Rupee Beer is brewed in Massachusetts. In terms of retail distribution, the brand is now at Costco, Trader Joe's, Whole Foods & Total Wine and expanding is chain-store reach to Virginia and New Jersey. Like Belleflower Brewing of Portland, Rupee was recently named one of the best beers to drink this spring by Hop Culture magazine. Rising Tide 'staffed up for summer' Rising Tide Brewing Co., a Portland brewery that improvised during the pandemic with heated "bub- ble tents" to serve customers outdoors in winter, is already set with staffing for this summer. Currently at 32 employees, the brewer will be at around 40 this summer, according to Heather Sanborn, owner and director of business opera- tions at the business she runs with her husband, Nathan Sanborn. "Nearly all of our summer staff will be folks returning to us from last summer — mostly teachers and college students — so we're actually all staffed » C O N T I N U E D F RO M PA G E 2 6 Let our experienced Maine Commercial and Business Banking team create real opportunity for your business. nbtbank.com/me Ready to take that next step for your business? *Offer is subject to credit approval. Promotional rates shown for this offer do not apply to existing lines of credit, term loans and commercial real estate mortgages with NBT Bank. Other rates and terms are available. Standard fees and closing costs apply. Additional terms and conditions may apply. ^The APR is Prime + 0.50% and may change based upon changes in the prime rate. The Prime Rate is the highest Prime Rate published in the Wall Street Journal. As of March 23, 2023 the Prime Rate is 8.00%. †Annual Percentage Yield (APY) is accurate as of 04/10/2023. Rates are variable, not tied to any index and subject to change at any time without notice. This is a tiered rate account. A minimum balance of $25,000 is required to open the account and must be maintained to avoid the $20 monthly maintenance fee. Interest is earned on balances of $25,000 or more based on the following tiers. Balances of $25,000 but less than $50,000 earn 2.27% APY; balances $50,000 but less than $100,000 earn 2.78% APY; balances of $100,000 < $250,000 earn 3.30% APY, balances of $250,000 < $500,000 earn 3.82% APY; and balances $500,000 and more will earn 4.33% APY. Fees could reduce earnings on the account. All accounts are opened in person at your local NBT Bank branch. This offer is for a limited time only. NMLS ID 500501 Member FDIC ›› Contact Ashley Gagnon, Business Banking Officer, to get started. 207.274.8154 agagnon@nbtbank.com MONEY MARKET SPECIALS TIERED RATE ACCOUNTS 2.27 % - 4.33 % A minimum balance of $25,000 Special promotional rates available through 5/31/2023* BUSINESS TERM LOAN FIXED RATE 6.25 % Terms up to 60 months Term loan amounts up to $1,000,000 Rates shown reflect a discount of 0.50% for automatic payment from an NBT Bank Account and would increase if this condition is not met. BUSINESS LINE OF CREDIT VARIABLE RATE PRIME + 0.50 % Wall Street Journal Prime currently 8% The variable rate above reflects a discount of 0.50% for automatic payment from an NBT Bank Checking or Money Market Account and would increase if this condition is not met. APR^ APY† Cameron McKague, Jeremy Deering, Kimberly Twitchell, Mark Schaub, Joseph Luciano and Ashley Gagnon P H O T O / C O U R T E S Y O F R I S I N G T I D E B R E W I N G C O. Heather Sanborn of Rising Tide Brewing expects to have a team of 40 employees this summer.

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