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> How it works in general is that the business visionary has a close relationship with one bank, and the ability to sponsor a lot of friends and family in the o
by mirajshah 6y ago
> How it works in general is that the business visionary has a close relationship with one bank, and the ability to sponsor a lot of friends and family in the old country.
in both this article about donut shops and the article about Bay Area motels, the "business visionary" grants personal loans to other immigrants who were already settled in the U.S. to bootstrap their own _separate_ businesses.
- deleted 6y ago[deleted]
- redis_mlc 6y agoIn the early days maybe. But the article was talking about 5,000 donut shops today, so that's beyond personal loans.