David is a chef, and Monetta is a native San Franciscan, and they both have strong entrepreneurial spirits. They put their passions together ten years ago to open 1300 on Fillmore, a full-service restaurant in the Fillmore.
“We found a sizeable space, about 16,000 square feet. The space gave us room to grow over the long term and add capacity as we expand. But we needed more money to buy equipment and for unknown future costs, which is what Main Street’s loan helped us do,” explains Mike.
Blake explains, “My dad grew up in Montreal, so Montreal-style bagels were a big part of my life growing up. My dad’s love for these bagels inspired us to want to start Beauty’s Bagel Shop.”
Richard offers advice to aspiring entrepreneurs: “When you ask for money, make sure you can answer any question about the business. Your idea has to make sense on paper, and you have to focus on the details in the right order if you want to be successful.”
Lindsay encourages new entrepreneurs to take some time to self-reflect. “While It is important to plan, work hard, and put the time in; self-reflection is equally as important in my experience and sometime more so. You need to be able to look at your personal weaknesses and be willing to confront them so they do not hold your business back from thriving.”
“Working with Robert [Lattimore, Senior Vice President] was a great experience. He has so much knowledge and expertise that I know I can ask him any question about my business and get great advice,” says Sherri.
Four years since its inception, the New Parkway employs 40 people, has an excellent kitchen, and hosts various events outside of movies such as game nights and sports broadcasts. Customers flock to see the daily changing shows including reruns of classics, anime, and indie movies.
Tarquin offers advice to aspiring entrepreneurs: “Be prepared for the little things to add up – it will always cost more than you plan for. Be flexible with your business plan. Know what is non-negotiable and what you can adapt to meet your clients’ needs.”
“The loan gave us the ability to launch this new service faster and with more peace of mind,” says Tyler. “Working capital gave us more flexibility, so we could make the best long-term decisions for our business.”
“I’ve always had an entrepreneurial spirit,” says Nichole. “When I would see empty storefronts, I’d imagine what kind of business I could open there.”