Small Business Loan Options

To sort this mess out lets take a look at the various different kinds of small business loans that are available to you so that you can decide which business loan will fit your needs.
SBA Microloan – For those in need of less that $25,000 to start your business then looking at a SBA mircoloan is a good place to start. These loans are designed to help get businesses off the ground or to help your business through a short downturn in profitability. It is also important to note that interest rates tend to be higher on this type of small business loan.
LowDoc – As you might expect the LowDoc small business loan requires very little paperwork. In fact, the initial application for the LowDoc small business loan consists of just one page. You can apply for a loan up to $100,000. The LowDoc loan is made on the basis of your character and personal credit so it can be helpful to those starting small businesses but lack a business credit history.
Basic 7(a) SBA loan – This type of small business loan can range up to $750,000 and is backed by the SBA but is actually issued by commercial lenders. These SBA loans are normally relatively easily to qualify since they are backed by the Small Business Administration, a government entity.
504 SBA loan – A 504 SBA loan can be acquired up to $1 million. However, the loan cannot be used to finance more than 40 percent of the business venture or project. This type of business loan is ideal for individuals who possessing strong assets and who can show the positive effect (in terms of jobs created) your business will have on the community.
Community Adjustment and Investment Programs(CAIP) – This loan program was developed to help small businesses create more jobs or prevent potential job less. The hitch is that for your application to be approved you must show that your business is in jeopardy as a result of trade changes in either Mexico or Canada.As you can see there are a variety of different options available for you business loan needs. It is up to you to do your homework and determine which small business loan is right for you. For more business advice and counsel visit http://rededestiny.blogspot.com/

Freud and the Small Business Owner

In 1923 Sigmund Freud authored a paper called The Ego and the Id, which is an analytical study of the human psyche. Called the Structural Theory, this theory categorizes psychological conditions into three divisions:  the Id, the Super-Ego, and the Ego.  The Id is best thought of as a newborn child driven by instinctive drives and impulses and seeks instant gratification.  The Super-Ego is the multiplicative inverse of the Id, representing a “father figure” and a moral compass.  The Ego serves as the mediator between the Id and the Super-Ego and takes into account external factors to derive a clear view of reality.The theory has spurred much discussion in the scientific community, but the concept is firmly seated in college psychology classes as a higher-education staple.
Whether or not Freud nailed it with the Structural Theory is open to some debate (one which I’ll let bigger brains than mine ponder!) but virtually all of us can relate to these three personas and know someone who fits each of these profiles.  The Id-like person throws caution to the wind, takes risks without thinking through implications, and allows the dreamer in him to lead his actions.   The Super-Ego-like person is highly risk-averse, needs to have near-perfect information before making a decision, and never, ever, swims until at least 30 minutes after eating.   The Ego-like person has drive and is willing to take risks, but seeks to understand situations enough to take calculated risks as opposed to foolish risks. 
While reading this, you may have thought of a friend or family member who fits into each of the above categories.  You may have also slotted yourself as being predominantly Id, Super-Ego, or Ego-like.  It also may be situational to where you are more Id-like in certain situations while you are more Super-Ego-like in others.  As this specifically applies to starting and running your own small business, it is vitally important that you identify whether you are more Id, Super-Ego, or Ego-like and that you balance who you are with others who fit into the other categories; thus the following maxim:
Small businesses need a blend of Id, Ego, and Super-Ego personas to be successful. 
So as it relates to you, are you more of an Id that throws caution to the wind without thinking about implications?  Or are you more like the risk-averse Super-Ego who needs perfect information to make a decision?  Or are you more of a middle-of-the-road Ego who is willing to take calculated risks and knows how to balance risk and reward?  Then again, maybe you're not sure.  If you'd like a better perspective on where you fall in the small business owner spectrum, check out this Amazon Short at http://rededestiny.blogspot.com/.