Three young entrepreneurs from McCook, Nebraska, were recognized as the Center for Rural Affairs Entrepreneurs of the Year. Tyler Ray Loop, Tyler Sue Loop, and Adam Siegfried own and operate Loop Brewing Company in McCook.
This thriving business exemplifies the entrepreneurial spirit that defines and is so crucial to the future prosperity of our nation’s rural communities. The brewpub serves specialty craft beer, brick oven pizza, and much more.
It was established in 2011 with 10 employees, after Tyler Ray won the 2010 Hormel Business Plan Competition – providing $25,000 in seed money to start the business. To make the project come to fruition, gap financing was needed.
That’s when Tyler Ray called on the Center’s small business development program, REAP. He met with loan specialist Dena Beck and fine-tuned the business plan.
“REAP was extremely helpful in us getting the necessary financing we needed when we opened over 3 years ago. Adam and I are very appreciative of Dena Beck and everybody at the Center for Rural Affairs for all their help then, and it still continues today,” said Tyler Ray Loop. “We are also very honored and humbled to be receiving their Entrepreneurs of the Year Award.”
Tyler Ray has since been asked to mentor others starting breweries/restaurants in other states while constantly working on improving the quality of their products. “We definitely have no regrets about opening the brewery. The hard work we put into the old rustic building next to the railroad tracks and the ability to be very creative in the food, beer, and other drinks we serve has really paid off,” he added.
The trio is proud to say they make their own beer and be part of a booming industry. They also recommend their homemade Root Beer and Cream Soda!
Feature image: Dena Beck, Center for Rural Affairs REAP Loan Specialist, left, presents the Entrepreneur of the Year Award to Tyler Ray Loop, center, and Adam Siegfried, right. Tyler Sue Loop was unable to attend.
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