(Chicago Tribune) — Like many small businesses caught in the worst economic crisis since the Great Depression, Tri-State Biodiesel was struggling to find capital last year, in the middle of a credit crunch.
The Bronx company, which converts used cooking oil from restaurants around New York City into fuel that it then sells, was in dire need of an equipment upgrade.
“Banks weren’t lending at all,” said Brent Baker, founder and chief executive.