Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit.
Hector Barretto, chairman of The Latino Coalition & the former US Small Business Administration Administrator under President George W. Bush, says small businesses need more customers. Barretto says small businesses are reluctant to take on more debt until there’s more certainty about future demand. Barretto says small businesses are also making efforts to lower their costs on energy, taxes and regulations. The Latino Coalition’s Small Business Summit takes place June 11-13, 2014. Barretto speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.