Mill Lane Tavern, Inc. secured a $615,000 SBA Term Loan to facilitate its acquisition, enabling the new owners to enhance the tavern's operations and community engagement.
About Mill Lane Tavern, Inc.
Mill Lane Tavern, Inc. (MLT) was established in 1946 and has been owned by the same couple for over 30 years. This family-run establishment embodies the essence of a community-centered tavern, emphasizing a homely atmosphere. In order to enrich its offerings, the tavern plans to introduce weekly specials and extend kitchen hours, particularly on weekends. MLT aims to preserve its small-town charm while introducing events that foster community engagement.
Over the years, Mill Lane Tavern has become a beloved gathering spot where patrons can enjoy various sporting events paired with delicious food and beverages. The goal for MLT is to maintain its hometown appeal while also modernizing its approach through enhanced technological integration and a stronger presence on social media platforms.
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Industry Overview in the United States
The tavern and restaurant industry in the United States has shown resilience and adaptability, with many establishments pivoting to incorporate delivery and takeout services a
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Bridget Morro and George Guzman
invested in
Mill Lane Tavern
in 2024
in a Venture Debt deal
Disclosed details
Transaction Size: $1M