KANSAS CITY, MO—Loan officers at the First National Bank of Kansas City defended their decision to lend local man Tim Creamsby $650,000 to open a small stationery store Monday, explaining that, while the business's long-term prospects were poor, the idea was "simply too pathetic and heartbreaking" not to sign off on.
"In order to qualify for a loan of that size, an applicant normally must demonstrate significant financial holdings, have an impeccable credit score, and fill out a number of contracts," First National loan officer Robert Lewiston said. "But when I met Mr. Creamsby and listened to his pitiful story about how he'd worked all his life at an office-chair factory to save up for his dream—his dream to have a little shop where people could buy thank-you notes and maybe pick up some fountain-pen ink every now and then—well, I blurted out the first number that came to mind just to make him stop."
Read more at The Onion.
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