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Bank Loans Give Entrepreneurs Growth Options
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Journal Article
Bank Loans Give Entrepreneurs Growth Options
1990
Overview
Lisa Richards spotted a trend. And as a smart entrepreneur, she made a business of it. She noticed that San Diegans, who would rather be out of doors than in, needed help staging big outdoor events. On a shoestring, Richards started The Picnic People, now one of San Diego's most successful catering firms. When she started her home-based business six years ago, Richards lacked financing, but success pushed her into the loan market. \"I had the choice to do it right or forget it,\" said Richards. Last year Picnic People pulled in gross sales of $3 million. Today, her firm employs 28 full-time people and is planning a national expansion. (excerpt)
Publisher
San Diego Business Journal
