December 2011 - Filipino-American Community of South Puget Sound

12 Business
There are times in our lives
where we have to move
on for not necessary reasons,
yet for unforeseen reasons.
Reasons such as the death of
a loved one, divorce, or family
illness. Unforeseen change will
throw you off, but you can get
back up.
When these such occurrences
happen, you are often
caught in a situation where you
don’t know where to start, how
to get moving, or even remembering
how to breath.
This is one of the most trying
times because you do not
know where you are going, you
have not planned for this, and
you have no motivation. All
the motivation has been sucked
out of you and you are dealing
heavily with emotions at
the same time. Buying a home
and moving is very emotional
and mentally challenging…but
the two situations happening
simultaneously is very overbearing.
This is where you are
forced to make the toughest decisions
of your life. You’ll need
help.
During that of a divorce,
death, or any serious family
change, life does move on.
The first thing you need to do
is get yourself in the frame of
life goes on…
Mortgage
Tina Lombard
mortgagesbytina@hotmail.com
mind where you do not make
decisions purely based on
your emotional state. Emotions
change, therefore so will
your needs. You have to get to
a mental spot where you can
make some accurate and fair
assessments of your financial
and living situation. This may
take a week, a month, or maybe
years. Everyone has a different
situation. When you can get to
a place where you do not break
down emotionally at every
turn, you might be in a good
place to start making smart decisions.
Some of the decisions and
questions you have to ask are:
Can you refinance to a lower
rate and reduce the payments?
Should I sell my home, or can
December 2011
http://pinoyreporter.com
need financing or contracts to grow your
small Business?
The U. S. Small Business Administration
(SBA) is committed to
providing access and opportunity to
Americans who are – or who want to
become – small business owners. For
a variety of reasons, some communities
are underserved when it comes to
getting the tools they need to grow a
business and create jobs. We want to
change that.
Our resource partners include
Small Business Development Centers
that provide training and business
counseling for little or no cost. This
includes the basics of starting a business
and understanding more about
topics like finances, marketing, production
and management.
We also have Women’s Business
Centers, in Seattle, Mukilteo and Tacoma
and a Veterans Business Outreach
Center in Seattle. Counselors
I rent it out? Can I afford to purchase
another? What do I qualify
for? How much can I buy? Where
do I start? If I don’t qualify, can I
afford to still live here?
There are other professionals
that come into play at these trying
times such as Lawyers, Doctors,
Therapists, Financial Planners,
etc. For the purpose of this
article, my advice centers on my
industry. Call a good Realtor
and Mortgage Loan Officer. Find
people that have gone through
Small Business
Calvin W. goings
regional administrator
uS Small Business administration
stand ready to help small businesses
get connected to resources.
In addition to these counseling
efforts, providing access to capital
for small businesses in underserved
areas is at the top of SBA’s agenda.
similar situations that you are
experiencing. These professionals
will know what you are going
through, they will be able to
predict things that you will not
see coming. They will be able to
guide you through your ordeal
of purchasing and selling “compassionately”
and with empathy.
You don’t need added stress on
top of what you are already going
through. Find people who know
that you will be able to “personally”
recommend them later on.
Small firms require financing to
grow, hire new employees and invest
in the future. That’s why we want to
invest in them.
And, it’s also why SBA is piloting
the Community Advantage program.
For the first time, we opened up
SBA’s most popular loan program to
community-based, mission-focused
lenders who have a high-touch approach.
This includes Community
Development Financial Institutions,
SBA’s Certified Development Companies,
microlenders, and others who
keep at least 60 percent of their portfolios
in underserved markets.
Community Advantage will let
these organizations make loans of
$250,000 or less, and they can use
streamlined paperwork to get the
deal done quickly.
Turn To Page 19…
Life goes on. Get yourself in
the mind frame where you can
deal with the serious decisions
you will have to make, then get
the right people in place to help
you make those very serious decisions.
Tina Lombard, whose mother
is Cebuana, is a veteran mortgage
lending officer with Westside Community
Bank. She is also a music
director, media personality, entertainment
producer, and professional
musician. �
S u p p o r t | R e n e w a b l e | E n e r g y
Merry ChristMas to all !!!