Silicon Valley Bank’s Failure Threatens California Winemakers

Hundreds of wineries deposited cash with SVB, which served as a crucial lender to vineyards

Silicon Valley Bank rode the growth of California’s wine business.Photo: George Rose/Getty Images

California’s wine industry is facing a potential short-term cash crunch and long-term loss of funding from the collapse of Silicon Valley Bank, which was a significant lender to vineyards and winemakers.

Hundreds of wine producers borrowed from the bank and deposited their cash there, including some small, midsize and privately held businesses that are trying to make payroll or loan payments. 

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