SCORE Success Vault

Sandwich Shop Finds New Dough, Avoids Closing, Saves 24 Jobs

“The owner of a local sandwich shop that had been in business over 85 years came to us, explaining his financial position and his fears that he might have to close within 6 months, putting 24 full- and part-time employees out of work.

This company needed new dollars, debt consolidation and a revised business plan. With 45 years of banking experience under my belt, I was able to help get the business a new loan and new dollars for signage and equipment to run more efficiently - paying a slightly higher interest rate, but keeping it in business. I was also able to help with his revised cash flow and with establishing longer-term loans. These steps aided his credit score and saved all his company's jobs in this tough economy.”

Larry Rush
SCORE Reading (Chapter #8)
Reading, PA

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