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Mr. Beef Faces Foreclosure; Testifies Today Before Congress

Posted by Bruce Bilmes and Sue Boyle , March 04, 2009 12:48

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Joseph Zucchero, one of the owners of Mr. Beef, said $600,000 worth of loans matured last year and Midwest Bank is not willing to refinance them. The bank has filed a foreclosure suit against the company. Mr. Zucchero is attempting to find financing elsewhere. In the meantime, he claims Mr. Beef is in no danger of closing. Mr. Zucchero is also testifying before congress today to discuss the impact of the federal bailout funds on small businesses.

Michael Stern, in his Roadfood.com review, says "Mr. Beef is one of Chicago's premier sources of the great, sloppy and delicious Italian beef sandwich."

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Hear It From Mr. Beef HimselfJoe Zucchero, co-owner of Chicago's Mr. Beef, talks to FOXBusiness about his loan problems with Midw...Italian Beef Demands Recount A recent Roadfood poll put Philly cheese steaks on top as the #1 Favorite Beef Sandwich (Non-Burg...Favorite Beef Sandwich (Non-Burger/BBQ Division)The cheesesteak was chosen as the favorite beef sandwich in a recent Roadfood.com poll.

Comments

3/4/2009 1:02:39 PM #

I love that movie, "Mr. Beef Goes to Washington". Seriously, here is hoping everything gets straightened out and this Roadfood classic stays open for a long time.

buffetbuster |

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