John Franchi is a morning anchor and reporter for 'Good Day Utah' on FOX 13 News.
WOODS CROSS, Utah — High interest rates are an increasing burden on consumers and business owners; at 5.25—5.5 percent, they are the highest they've been in over twenty years.
He points to the quality of the food and a personal connection he makes with customers as reasons why they come back.His low sodium and gluten free Hungry Hawaiian teriyaki sauce is sold in several grocery stores in Utah.“We have a difficult time meeting bigger demands,” he said. “I understand a bank is a business and they are trying to make money, and the interest rates, that's where they make their money,” he said. “But are they really helping their community?A survey conducted by Goldman Sachs found that 79 percent of small business owners are concerned about their ability to access capital and 21 percent fear they will be forced to close if they can’t expand.
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