Former Cold Stone Creamery CEO Doug Ducey has repeatedly bragged about building his ice cream empire without any help from the government, but that doesn’t have a lick of truth to it. The reality is that Cold Stone Creamery received millions of dollars in Small Business Administration loans and defaulted on around 40% of those loans — a remarkably high rate.
Ducey’s running on a business record that is sprinkled with problems, but he’s clearly not afraid to misrepresent it. So whatever he says in his first debate against Fred DuVal tonight, just remember, the real scoop might come out later.
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