When Tony Carusso walked into a Camp Bow Wow franchise in 2007, he knew his life was about to change. The leasing company he worked for was closing and Tony was contemplating his next move. “When I saw happy dogs playing side by side, I just felt that I belonged in this business,” said Carusso. Only 29 when he started, Carusso says, “It was the best move of my life.”
Armed with a cash bonus, retirement funds, and the determination to succeed, Carusso went looking for a bank loan to help him purchase his own franchise. As the recession deepened and credit tightened in 2007, Carusso worried whether he’d be able to get a loan. But the self-proclaimed numbers geek put together a thorough business plan with financial projections that impressed the bank.
The company received an SBA 504 loan for $413,000 and an SBA guaranteed loan for $183,200. “The process was easy and the SBA did a great job,” said Carusso.
The Colorado-based franchise was the perfect... Read More