Popular Tennessee Whiskey Faces Lawsuit from Lender - Articles

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Posted by: Julia Wilburn on Aug 7, 2025

Nearest Green Distillery in Shelbyville, maker of the popular Uncle Nearest whiskey, is facing a $108 million lawsuit from lender Farm Credit Mid-America over alleged loan defaults. The lender claims the company failed to repay over $102 million in principal, misused funds to purchase a $2 million Martha’s Vineyard home and overstated whiskey inventory by $21 million. According to the Tennessean, Uncle Nearest attributes the financial issues to fraud by a now-terminated former chief financial officer and argues that appointing a receiver is an excessive response. Despite the lawsuit, the company, which has grown rapidly since launching in 2019 and is now valued at $1.1 billion, says it has continued making significant loan payments and is working to resolve the default. The Nashville Post also reports on the lawsuit.