Some US small business owners bypass the bank

Published Sun, Jun 5, 2016 · 09:50 PM

New York

AFTER losing her job at LivingSocial, the online deal company that went nearly bankrupt three years ago, Kate Levenstien decided to take a chance on a business that combined two things she loved: bacon and beer.

Her plan was to hold an event celebrating the two in a baseball stadium. So she called ballparks in major cities, and the first one to agree was Safeco Field in Seattle, a city she had never visited. Without hesitation, she put down a deposit.