Issue link: http://digital.copcomm.com/i/15710
A BANK THAT TOOK THE TIME TO UNDERSTAND JOHN SANGMEISTER understands the challenges of funding and opening a new restaurant better than most. When finally able to realize his dream of opening a Gladstone's restaurant in the trendy Pike area of Long Beach, he took a friend's advice and called Robert Franko, president of Beach Business Bank. Franko worked closely with Phil Bond, the bank's chief credit officer, to review the concept, evaluate the banking needs of the restaurant and to put in place the financing required. "I feel fortunate to have forged a relationship with the executives at Beach Business Bank, who took the time to help me confront and solve the challenges involved in financing a new restaurant," said Sangmeister. "Together we structured a credit facility that helped us meet our goals. The final result is better than we ever imagined and Beach Business Bank played an important role in helping us realize our dream. "Beach Business Bank provided us with the personal service that the large banks no longer seem to offer local customers," contin- ued Sangmeister. "Because they are headquartered in the South Bay, we met face to face with the bank's decision makers, which made a huge difference in the level of service we received and swiftness of the credit decision." John Sangmeister, the owner of Gladstones Restaurant, with Robert Franko, President of Beach Business Bank 1230 ROSECRANS AVE SUITE 100 MANHATTAN BEACH CA 90266 650 TOWN CENTER DRIVE SUITE 150 COSTA MESA CA 92626 180 E. OCEAN BLVD SUITE 100 LONG BEACH CA 90802 www.beachbusinessbank.com | 866.862.3878