A microbrewery that started with a Christmas homebrew kit is getting a $740,000 interest-free expansion loan from the U.S. Department of Agriculture via the local electric co-op.
It's part of a $3 million plan to boost production at Lazy Magnolia Brewing Co. from 10,000 to 50,000 barrels a year.
The rural economic development loan is the second in three months that Coast Electric Power Association has obtained for a business in Kiln, MS, a Bay St. Louis-area community of 2,100.
In May, USDA approved $740,000 for Blacklidge Emulsions Inc., an asphalt company.
Under the USDA program, companies have 10 years to repay the loan.