Only morons start a business on a loan?
I am not aware of any specific provision that mandates any tightening of lending to small business other than a requirement that people who lend and then sell that loan be prepared to take a part of the risk. And I'm proud of that.
It's strictly business. If I loan you $25 million, I want my money back. I don't want to hear about the social impact. That's great for you, but now I'm $25 million in the hole, so next time you come to ask me.
I started with a $1 million loan. I agree with that. It's a $1 million loan. But I built a phenomenal company.
As someone who has owned a small business in the past, I understand how difficult it can be to get a loan.
Let's pass the small business credit enhancement bill so small business can get back on its feet.
Capital was always the struggle. I always had these amazing visions. Had this amazing work ethic. Had this amazing work partner in my wife. But I was always struggling for capital. I owe a lot to local banks who were willing to take chances on Jo and I early in our career.
We don't want to give a business that is not going to come through the troubled waters a loan that they can't pay back.
After a two-year stint at Stars, I wanted to start my own full-service restaurant, but I didn't have the funds to do so, so I got a modest loan from my parents and opened Chipotle with the goal of having it fund that restaurant.
