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LP Uncovered · Alex Tonelli, Endurance Companies

Couldn't Get a $100K Loan

“I'm physically handwriting these applications to banks to get a hundred thousand dollar, two hundred thousand dollar loan... and I thought it was crazy.”

Transcript

hallways teaching he's a legendary entrepreneurship professor and I couldn't get a loan to save my life I'm like physically pan writing these these applications to banks to get a hundred thousand dollar two hundred thousand dollar loan for us to be able to open more of our highly

profitable joint and severely guaranteed asset heavy small businesses and I thought it was crazy because as a PE guys a 25 year old PE guy I had people trying to take me to baseball games to kind of stuff a hundred million dollars in my pocket to open you know highly levered you know window

manufacturers before you know the mortgage crisis and yet I couldn't raise a hundred thousand dollars save my life to for our very successful small business and so that was the kind of founding idea for how you know

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