Easy Access
Need money fast? For a no-fuss solution, try a government CAP loan.
The way O. David Dickson had it figured, his five-vehicle ambulance company needed a new headquarters station in Warrenton, Oregon, if he was going to cover his corner of the state properly. So when the right facility hit the market in late 1996, Dickson jumped at the opportunity to buy it. Not only did the available facility offer space for a sixth ambulance and crew, but it also had ample room for a dispatch center and training facility.
There was just one hitch: money. The price of the facility was $200,000, and when Dickson put everything he had on the line, his bank would only lend him $140,000. "If I couldn't get the other $60,000, I'd lose the deal," Dickson, 53, recalls. "There were two other buyers behind me."
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
-
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
-
Why You Need to Become an Inclusive Leader (and How to Do It)
-
Career Transitions You Can Make in Your 40s and 50s
-
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
-
4 Principles to Develop Next-Level Leadership at Your Company
-
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market
