A few weeks ago I helped one of our community chefs fill out a $5,000 loan application to kickstart his own business. I emphasized to him that his proposal would be scrutinized by a board of directors of the funding organization. He needed to thoroughly think through his application, if he could do that between his double night shifts, because any questions about his application meant he might not receive the loan. This is because the funding organization had decided the first three ventures they funded could not fail. At various points in … [Read more...]