Turned down by several banks, the owners of a Texas bagel shop were able to get their restaurant up and running thanks to an SBA loan through Randolph-Brooks Federal Credit Union.
Originally from New York, John and Suzanne Hermann had experience running several coffee shops in Augusta, Ga. When the couple moved to San Antonio, they were ready to open up a bagel shop but were rejected by community and national banks including Bank of America who suggested the Hermanns check back when they were ready to launch their second bagel shop.
The couple was eventually able to secure an SBA Patriot Express loan in 30 days from Randolph-Brooks in Live Oak, Texas. Senator John Cornyn (R-Texas) recently stopped by the Hermanns' bagel shop.
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