In 1926, Julius Freed opened an orange juice stand in Los Angeles, California. Initially, sales were modest, but that changed in a couple of years. In 1929, Freed’s real estate broker developed a mixture that made the acidic orange juice less bothersome to his stomach. Freed’s stand began serving the smoother, foamier drink— and sales skyrocketed. People began lining up at the stand and shouting, “Give me an Orange, Julius!” Thus, the Orange Julius chain was born. Many people dream about owning their own business, like Julius Freed. However, the reason most people do not follow their dream is lack of funds. What are the options to obtain funding for a small business? How does this affect the financial statements?