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Accion helps launch new business

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A new brewery is coming to Albuquerque in June, run by three local beer-loving entrepreneurs. Bosque Brewing is the brainchild of partners Jotham Michnovicz, Kevin Jameson and Gabe Jensen and in their corner is nonprofit lender Accion, which extended a loan of $100,000 to help the partners build a brew house and cover their initial operating expenses.
The idea for the brewery started two years ago, before any of the partners had ever made a batch of home brew, Jameson said. The three were united by longtime friendships, one family tie — Michnovicz and Jenson are cousins — and membership in the same church. All three attended New Mexico State University in Las Cruces.
After intensive study, practice and research, the men had the recipes they wanted for several types of European-style beers: German ale, brown ale, red rye, India pale ale and English-style ale. They wrote a business plan that drew on their collective experience in the business and technology fields and prepared to approach potential lenders.
First stop was the Small Business Administration, but Jameson said SBA wasn’t positioned to lend such a small amount of money and required a much greater investment from the entrepreneurial team. “A microbrewery is considered high risk, like a restaurant,” he said.


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