Business Loans: Your Guide to Finding and Securing Financing

Jan 25, 2021

Business Loans: Your Guide to Finding and Securing Financing

A former coworker inherited a fortune a couple of years ago. The influx of cash allowed him to start a catering company without a business loan. It all started when his great-aunt, whom he barely knew in life, passed away and left millions of dollars to her heirs. There were only 2 such heirs: my former coworker and his younger sister.

The massive inheritance came with a catch: The heirs would need to quit their jobs and spend a year traveling the world. They were instructed to visit at least 1 new country each month, sending a postcard from that country to their great-aunt’s attorney. Of course, these extensive travels would all be covered by the great-aunt’s estate. As long as the heirs followed the instructions and continued exploring for a year, they’d receive the millions of dollars as outlined in the will.

My coworker quit his job, bid me and the rest of the company farewell, then embarked on his epic quest around the world. We occasionally saw updates from him on social media, whether he was zorbing in New Zealand or swimming with whale sharks in Ecuador. And, upon his return to the United States, this ridiculously lucky guy inherited millions of dollars and promptly started his aforementioned business.

Why bring up this story? It’s a stark reminder that most of us will never have an eccentric great-aunt who leaves us millions of dollars. Hell, when my great-aunt died, all I got was the ceramic duck that had rested on her mantle for decades. The duck’s beak was cracked and the paint was flaking off.

Not that I’m criticizing my great-aunt. I sincerely appreciated the fact that she had thought of me. I was honored, even. But it’s safe to say that most of us will receive proverbial ceramic ducks in life, opposed to the piles of money that were dropped in my former coworker’s lap.

Thus, the onus is on us to find the money necessary to do anything truly great in life. If starting or growing a business is in your sights, you’ll need funding. And that means you’ll probably need financing. This guide will introduce you to the various options out there and provide insights into how you can go about finding the perfect loan for your unique needs.

About the Author

Grant Olsen

Grant Olsen

Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on FitSmallBusiness.com and ModernHealthcare.com. Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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