Goals That Help & Goals That Hinder

Written by ©Susan Dunn, MA Clinical Psychology, The EQ Coach


Short-term goals, long-term goals, decisions and choices. What to do?

Have your goals, and yes, write them down. The short-term goals should get you to your long-term goal, but keep your eye onrepparttar long-term goal, as if you were jumping hurdles. The long-term goal isrepparttar 105325 line to cross atrepparttar 105326 end, andrepparttar 105327 short-term goals arerepparttar 105328 hurdles. If you stop and look at each hurdle you're trying to cross, well, you know what will happen. So remember whatrepparttar 105329 long-term goal is and don't let what goes on withrepparttar 105330 short-term goals stop your forward motion. For instance, when you're changingrepparttar 105331 oil in your car ... no, sorry I'm going to have to use a pie-baking example. To bake a good apple pie you have to measure flour, sugar, butter, salt and pare and core apples, but you can be a bit off on your measurements at any point and still come out fine. As to commitment and choice, you always haverepparttar 105332 right to change your mind. Your dreams and plans may change over your lifespan, as will your financial needs, and priorities, and sometimes even your values. Remember that life lives you as much as you live life. In pursuing one goal you may gain skills you decide you'd rather apply elsewhere, and you will still end up in a good place.

Business Financing - Where to get it and why you would want a SBA Loan and Seller Financing

Written by Jim Brown


Business Financing - Where to get it and why you would want a SBA Loan and Seller Financing

Business financing can come inrepparttar form of conventional loans, SBA (Small Business Administration) loans, and seller financing. A combination ofrepparttar 105323 three forms may be used, but SBA loans are by farrepparttar 105324 most popular. In fact, SBA loans arerepparttar 105325 primary source of capital injected intorepparttar 105326 small business community nationwide. Last yearrepparttar 105327 SBA assisted small businesses with over $10 Billion Dollars of loan guaranties.

The Small Business Administration more commonly known asrepparttar 105328 SBA is a Federal Agency established in 1953 to protect and assist America's greatest resource... small businesses. SBA's mission is to stimulate and foster economic development through small businesses, because helping small businesses get started and become successful is great forrepparttar 105329 nation's economy. Briefly,repparttar 105330 SBA loan guarantee program works inrepparttar 105331 following manner. The SBA will guarantee a portion of a business loan made by a lender enrolled inrepparttar 105332 program. By issuing a partial Federal Guarantee torepparttar 105333 Bank, your loan, which might not be approved on conventional terms, can now be approved via a SBA guaranteed loan.

SBA Loan benefits include longer terms and larger loan amounts than you might be able to obtain through a conventional loan. They also include competitive interest rates and no balloon payments or annual reviews. Furthermore, SBA loans are fully amortized and loan terms typically range from 7 to 25 years depending onrepparttar 105334 purpose. To understandrepparttar 105335 benefits of full amortization, consider a loan that is used to purchase commercial real estate.

The conventional bank loan is normally amortized over 15 to 20 years and renewed every 3 or 5 years. So, when a small business owner facesrepparttar 105336 3 year review of that conventional loan:

The bank may decide that its risk appetite no longer favors loans for those types of businesses and therefore requires full payment. The bank may review and reamortizerepparttar 105337 loan over another 15 to 20 year period, which would mean more interest overrepparttar 105338 term ofrepparttar 105339 loan. Ifrepparttar 105340 small business is doing well,repparttar 105341 bank may renewrepparttar 105342 loan as is, but oftenrepparttar 105343 borrower has to pay thousands of dollars in costs associated withrepparttar 105344 renewed loan application. All of that uncertainty and additional expense for refinancing or restructuring ofrepparttar 105345 loan is eliminated with SBA financing.

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