In a land not so far away, there were two similar businesses, one on the east coast, one on the west. The Minnow, the small business on the east coast, bought supplies from the bigger nationally known Whale of a business on the west coast. But the Minnow, a one-person operation, had a vision for his company. He wanted to grow. And when he found out that the Whale was retiring and selling the business, the Minnow got very excited. But the Whale came with a whale of a price, and a commercial loan was the only way it had a chance of a happy ending.
So the Minnow did what any business owner does when they need cash for expansion, he went to the bank. But the past was the past and today is today. Commercial lending for small businesses is at historic levels of tightness, in other words, there wasn't a whale of a chance of getting a traditional loan with what was presented. The bank referred the Minnow to Pharus Group.