Granite City enters $16M facility to fund growth plans

ST. LOUIS PARK Minn. Granite City Food & Brewery is planning to add at least seven more brewpubs by next year with the help of a new $16 million debt facility with DHW Leasing, the company said Tuesday.

The loan is earmarked for such new-store development needs as furniture, fixtures and equipment, according to a statement from Granite City, which currently operates 21 namesake brewpubs in 10 states.

Steven Wagenheim, Granite City’s president and CEO,