Serge came to Boston from Bosnia a year ago and in April became a key-maker inside the Watertown Mall. As an employee he makes about $400 a week. The owner of the business is mostly on the road these days operating a mobile key shop while Serge runs the booth in the mall. He's spoken to a bank officer about a business loan but his application would require a guarantor. So far the people he might ask include his boss and brother who lives in Ft. Lauderdale, FL. With about $20k Serge could start a similar business from scratch, but if he had the financing might also consider buying an existing business.
When owners retire, it’s a life or death decision for the business