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Interesting Encounters – Why should a bank make a loan to a company that brewed burnt coffee?

March 16, 2007 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Clark also related the story of getting a call to go visit a coffee shop that was needing funding, “We went down to their store and I thought that the coffee tasted burnt and I didn’t see anyway that they were going to be able to get people to pay the $3/cup that they were charging. As you’ve probably guessed, I turned down Howard Schultz of Starbucks Coffee for a loan.”

Jack Schultz

Full Story: http://boomtownusa.blogspot.com/2007/03/interesting-encounters.html

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