Prospective Restaurant Owner Applies for Small Business Grants After Bank Turns Her Down
July 30th, 2009
Right now is not the best time to start a business, small or large. But I have always been a very optimistic person and when the chance was presented to buy my own restaurant, I could not pass it up. Cooking is one of my favorite past times and according to my family and friends I am quite good at it. They have encouraged me to go into the restaurant business for quite a while. When a local restaurant owner decided to retire, he put his business up for sale. This included the building, furnishings, equipment, and supplies. I knew I had to take the chance and try to buy the restaurant. The bank turned me down, even with a small down payment to put on the loan. Seeing how disappointed I was, the loan officer advised me to apply for small business grants. So that’s where things stand right now, filling out applications for grants and crossing my fingers that I will be awarded one.
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