San Francisco Small-Business Owners Calling for Help

Published on December 17, 2023

A long-time small business owner in San Francisco is on the verge of losing his business because, he says, no bank will make him a commercial loan. Mark E. Sackett, who owns The Box SF, a meeting and events space in a historic building in the city’s South of Market district, said a loan on his business is due in February, but dozens of lenders are turning him down. “Six have said [they] are not even willing to make a commercial loan in San Francisco,” he said during a recent one-hour episode of EpochTV’s “California Insider.” Others have told him they won’t make a loan for less than $30 million while another made him an offer, but under poor terms....