On the recordJuly 16, 1997
what my colleagues are attempting to do right now is to stop a young businessman in my community right now who is struggling. He is a successful entrepreneur, has a clothing store, Jacob's Store for Men, he has been located on 79th Street in my district for about 5 years, and he has been a success. He has got five employees, all working people with families, and his business has been so successful that he wants to expand. He has gone around to all the major banks in the city asking them, pleading with them, look, I have been in business 5 years, I have got employees, I have got five employees with a family, my business is good, will you give me a loan so I can expand? Each time, the door has been closed on Jacob and his store for men. Shore Bank is the only one that right now is considering giving this small businessman an opportunity, a leg up, to help expand his business and keep that success going and also in order to make sure that he continues to have families fed because they are in his employ.
Source
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