Pub. 9 2021 Issue 1

ISSUE 1. 2021 3 “Our South Salt Lake location was financed with help fromMountain West Small Business Finance using the SBA 504 program. It worked great. Besides a drive-thru, we now have a café-style coffeehouse, which brings an entirely new element to the company.” – Leslie Corbett, Bjorn’s Brew FINANCING YOUR AMERICAN DREAM As a small business, you have your own vision for the American Dream. Mountain West Small Business Finance can help you achieve it through an SBA 504 Loan. For operating capital needs, talk to us about SBA Community Advantage (7a) Loans. Utah’s Small Business Lender # 1 SBA 504 Loans • Purchase land and equipment • Buy, build, or remodel a building • Up to 25-year fixed rates • As little as 10% down 801.474.3232 | mwsbf.com official who claims to care about the poor should do every- thing in their power to prevent it. Inf lation minimizes and diminishes whatever you have achieved. It makes your best-laid plans harder to realize. It takes your dreams and moves them further from your reach. There is a reason it is a foundational focus of the Federal Reserve. Inf la- tion is devastating and should be our main focus right now. This is not to say that there aren’t threats from Russia or China or Iran or even corruption within our own government. I firmly believe that all these pose threats that must be dealt with. But when it comes to the threat that will have the greatest negative impact on the most people in America for the longest time, I believe that threat, right now, is inf lation. No reasonable person can deny the COVID-19 pandemic a significant risk to many Americans and massive economic dis- ruption. You would also be hard-pressed to refute that aspects of the reaction to the pandemic were politicized. This isn’t a surprise, given the pandemic that erupted during a presidential election year. But now that the election is over, everyone must take a critical look at the risks in front of us and retire any of the less useful election-year narratives adopted over the past year. Certainly, the pandemic still presents risks to our health and our economy, and it would be foolish to lose focus now. Thanks to a historic vaccine response, the light at the end of the pandemic tunnel is rapidly approaching. But the next crisis could already be at our doorstep, and much like the early days of COVID-19, small actions will have an enormous impact on the depth and breadth of its impact. Just like the virus, the more inf lation spreads, the harder it will be to contain. While some prefer to construct elaborate theories to explain the threats facing America, as has been the case since the Revolu- tionary War, our greatest threats usually come from within and are seeded in our simplest f laws. If we hope to avoid the indis- criminate pain of inf lation, we must be willing to confront those f laws and set a course toward living within our means. n If someone lends you more money than you should borrow, regardless of why or how they are lending it to you, you shouldn’t borrow it. Any good banker will tell you that.