Is it 1.75 x return or is it 6% return (& 2% = 8%) return or both?

Hi Joseph - you will accrue 8% interest annually, and will receive quarterly payments until fully repaid. Let us know if you have any other questions, and thanks for reaching out!

The portal says this is a 1.75x return, but it looks like a 1.17x return. The 1.75x would be around what it would be if the interest was accrued quarterly at 6-8% each quarter. If it is the former the main page should be changed or people will expect that higher number.

Hi Alan - thanks for reaching out. We're aware of this issue and we're working with WeFunder to get it updated ASAP. Please let us know if you have any other questions!

I assume if you invest in the $500 bucket you also get what was in the $250 bucket for perks, ie. 3 crowlers?

Hi Joseph! Yes, the perks are all cumulative so when you invest at a higher level, you get all the perks that come with the levels below it as well.

And when do you anticipate 1st payment date being?

We anticipate making first payments end of Q1 2019.

Nice to see a craft brewery coming up in Worcester. Good luck. Some questions from my end: 1. Have you guys opened? 2. What's the basis for the estimated revenues as they seem to be aggressive? 3. Is the wefunder loan pari-passu/subordinate to your existing loan? 4. What is co...

Hi Arun - Thanks for reaching out. We're pumped to be coming to Worcester!1 We have not - we are in construction mode right now and are hoping to be open by January.2 The financials are built both top-down and bottom-up. So, from a break-even point ($1.05M) with a 'goal' (the financials given here) and a 'stretch'. We then broke down the numbers to monthly, weekly and daily sales and bench-marked those against similar businesses. We do have a big taproom so our sales per seat lead to pre...

Redemption Rock Brewing Co. Updates, Team, and Funding Progress

Raised $1.030M in funding to date.

6,200 sf location in a prime location on Shrewsbury St.

Large 100-seat taproom-in-progress that serves house-brewed craft beer, small-batch coffee, and light food -- and invites people to stay and do work and meet up with friends.

Design is complete and construction is underway.

Led by a uniquely qualified team of co-founders with strong educational and professional backgrounds in the craft beer industry.

Located in the second largest city in New England -- an untapped market with high growth potential and with only four breweries.

Registered Benefit Corporation, with a strategy to achieve B-Corp Certification within our first year of operation.

Redemption Rock Brewing Co.

Mission-driven, community-focused craft brewery taproom and cafe

$64,051

Redemption Rock Brewing Co.

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$64,051

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