Long Island Bagel Baker has Small Bank to Thank for Expansion

Summary

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Anthony Pariti hasn't been sleeping well lately. But sitting in a conference room last week at his family-owned Always Bagels, he said he'd received news that might smooth the way to dreamland.

A loan from Suffolk County National Bank had just come through for the Bohemia bagel wholesaler. The $15 million deal will allow for a $20 million expansion for the company, which is breaking ground on a 68,000-square-foot bakery in Lebanon, Pa.

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Extract

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Long Island Bagel Baker has Small Bank to Thank for Expansion

In a time when banks are wary of companies looking to expand, Always Bagels is stable and prosperous enough to win credit from Suffolk County National, even though it's extremely ...

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