CLOs on the Move

In 1965 Ruth Fertel a Louisiana native, tried a few careers before venturing into the restaurant industry. Ruth wasn`t making enough money to live decently and provide for her sons. She saw an ad, "Steak house for sale." She thought she could run a steakhouse and called on Chris Matulich, the owner of the steakhouse. Ruth used her house as collateral to borrow $22,000 from the bank.... $18,000 to buy the restaurant and $4,000 for operating capital. Her determination and hard work were a formula for success. Ruth`s Chris Steak House is world famous for the steaks, and is a ...

In 1965 Ruth Fertel a Louisiana native, tried a few careers before venturing into the restaurant industry. Ruth wasn`t making enough money to live decently and provide for her sons. She saw an ad, "Steak house for sale." She thought she could run a steakhouse and called on Chris Matulich, the owner of the steakhouse. Ruth used her house as collateral to borrow $22,000 from the bank.... $18,000 to buy the restaurant and $4,000 for operating capital. Her determination and hard work were a formula for success. Ruth`s Chris Steak House is world famous for the steaks, and is a premiere fine dining restaurant.

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