Small Business Loan Update – Stimulus Bill Helps Bailout Businesses If They Cannot Pay Loans

As we continue to sift dutifully through the over 1,000 pages of the stimulus bill (American Recovery and Reinvestment Act of 2009), there is one provision that is not getting much attention, but could be very helpful to small businesses. If you are a small business and have received an SBA loan from your local banker, but are having trouble making payments, you can get a “stabilization loan”. That’s right; finally some bailout money goes into the hands of the small business owner, instead of going down the proverbial deep hole of the stock market or large banks. But don’t get too excited. It is limited to very specific instances and is not available for vast majority of business owners.There are some news articles that boldly claim the SBA will now provide relief if you have an existing business loan and are having trouble making the payments. This is not a true statement and needs to be clarified. As seen in more detail in this article, this is wrong because it applies to troubled loans made in the future, not existing ones.Here is how it works. Assume you were one of the lucky few that find a bank to make a SBA loan. You proceed on your merry way but run into tough economic times and find it hard to repay. Remember these are not conventional loans but loans from an SBA licensed lender that are guaranteed for default by the U.S. government through the SBA (depending upon the loan, between 50% and 90%). Under the new stimulus bill, the SBA might come to your rescue. You will be able to get a new loan which will pay-off the existing balance on extremely favorable terms, buying more time to revitalize your business and get back in the saddle. Sound too good to be true? Well, you be the judge. Here are some of the features:1. Does not apply to SBA loans taken out before the stimulus bill. As to non-SBA loans, they can be before or after the bill’s enactment.2. Does it apply to SBA guaranteed loans or non-SBA conventional loans as well? We don’t know for sure. This statute simply says it applies to a “small business concern that meets the eligibility standards and section 7(a) of the Small Business Act” (Section 506 (c) of the new Act). That contains pages and pages of requirements which could apply to both types of loans. Based on some of the preliminary reports from the SBA, it appears it applies to both SBA and non-SBA loans.3. These monies are subject to availability in the funding of Congress. Some think the way we are going with our Federal bailout, we are going be out of money before the economy we are trying to save.4. You don’t get these monies unless you are a viable business. Boy, you can drive a truck through that phrase. Our friends at the SBA will determine if you are “viable” (imagine how inferior you will be when you have to tell your friends your business was determined by the Federal government to be “non-viable” and on life support).5. You have to be suffering “immediate financial hardship”. So much for holding out making payments because you’d rather use the money for other expansion needs. How many months you have to be delinquent, or how close your foot is to the banana peel of complete business failure, is anyone’s guess.6. It is not certain, and commentators disagree, as to whether the Federal government through the SBA will make the loan from taxpayers’ dollars or by private SBA licensed banks. In my opinion it is the latter. It carries a 100% SBA guarantee and I would make no sense if the government itself was making the loan.7. The loan cannot exceed $35,000. Presumably the new loan will be “taking out” or refinancing the entire balance on the old one. So if you had a $100,000 loan that you have been paying on time for several years but now have a balance of $35,000 and are in trouble, boy do we have a program for you. Or you might have a smaller $15,000 loan and after a short time need help. The law does not say you have to wait any particular period of time so I guess you could be in default after the first couple of months.8. You can use it to make up no more than six months of monthly delinquencies.9. The loan will be for a maximum term of five years.10. The borrower will pay absolutely no interest for the duration of the loan. Interest can be charged, but it will be subsidized by the Federal government.11. Here’s the great part. If you get one of these loans, you don’t have to make any payments for the first year.12. There are absolutely no upfront fees allowed. Getting such a loan is 100% free (of course you have to pay principal and interest after the one year moratorium).13. The SBA will decide whether or not collateral is required. In other words, if you have to put liens on your property or residence. My guess is they will lax as to this requirement.14. You can get these loans until September 30, 2010.15. Because this is emergency legislation, within 15 days after signing the bill, the SBA has to come up with regulations.Here is a summary of the actual legislative language if you are having trouble getting to sleep:SEC. 506. BUSINESS STABILIZATION PROGRAM. (a) IN GENERAL- Subject to the availability of appropriations, the Administrator of the Small Business Administration shall carry out a program to provide loans on a deferred basis to viable (as such term is determined pursuant to regulation by the Administrator of the Small Business Administration) small business concerns that have a qualifying small business loan and are experiencing immediate financial hardship.(b) ELIGIBLE BORROWER- A small business concern as defined under section 3 of the Small Business Act (15 U.S.C. 632).(c) QUALIFYING SMALL BUSINESS LOAN- A loan made to a small business concern that meets the eligibility standards in section 7(a) of the Small Business Act (15 U.S.C. 636(a)) but shall not include loans guarantees (or loan guarantee commitments made) by the Administrator prior to the date of enactment of this Act.(d) LOAN SIZE- Loans guaranteed under this section may not exceed $35,000.(e) PURPOSE- Loans guaranteed under this program shall be used to make periodic payment of principal and interest, either in full or in part, on an existing qualifying small business loan for a period of time not to exceed 6 months.(f) LOAN TERMS- Loans made under this section shall:(1) carry a 100 percent guaranty; and(2) have interest fully subsidized for the period of repayment.(g) REPAYMENT- Repayment for loans made under this section shall–(1) be amortized over a period of time not to exceed 5 years; and(2) not begin until 12 months after the final disbursement of funds is made.(h) COLLATERAL- The Administrator of the Small Business Administration may accept any available collateral, including subordinated liens, to secure loans made under this section.(i) FEES- The Administrator of the Small Business Administration is prohibited from charging any processing fees, origination fees, application fees, points, brokerage fees, bonus points, prepayment penalties, and other fees that could be charged to a loan applicant for loans under this section.(j) SUNSET- The Administrator of the Small Business Administration shall not issue loan guarantees under this section after September 30, 2010.(k) EMERGENCY RULEMAKING AUTHORITY- The Administrator of the Small Business Administration shall issue regulations under this section within 15 days after the date of enactment of this section. The notice requirements of section 553(b) of title 5, United States Code shall not apply to the promulgation of such regulations.The real question is whether a private bank will loan under this program. Unfortunately, few will do so because the statute very clearly states that no fees whatsoever can be charged, and how can a bank make any money if they loan under those circumstances. Sure, they might make money in the secondary market, but that is dried up, so they basically are asked to make a loan out of the goodness of their heart. On a other hand, it carries a first ever 100% government guarantee so the bank’s know they will be receiving interest and will have no possibility of losing a single dime. Maybe this will work after all.But there is something else that would be of interest to a bank. In a way, this is a form of Federal bailout going directly to small community banks. They have on their books loans that are in default and they could easily jump at the chance of being able to bail them out with this program. Especially if they had not been the recipients of the first TARP monies. Contrary to public sentiment, most of them did not receive any money. But again, this might not apply to that community bank. Since they typically package and sell their loans within three to six months, it probably wouldn’t even be in default at that point. It would be in the hands of the secondary market investor.So is this good or bad for small businesses? Frankly, it’s good to see that some bailout money is working its way toward small businesses, but most of them would rather have a loan in the first place, as opposed help when in default. Unfortunately, this will have a limited application.Wouldn’t it be better if we simply expanded our small business programs so more businesses could get loans? How about the SBA creating a secondary market for small business loans? I have a novel idea: for the moment forget about defaults, and concentrate on making business loans available to start-ups or existing businesses wanting to expand.How about having a program that can pay off high interest credit card balances? There is hardly a business out there that has not been financing themselves lately through credit cards, simply because banks are not making loans. It is not unusual for people to have $50,000 plus on their credit cards, just to stay afloat. Talk about saving high interest. You can imagine how much cash flow this would give a small business.We should applaud Congress for doing their best under short notice to come up with this plan. Sure this is a form of welcome bailout for small businesses, but I believe it misses the mark as to the majority of the 27 million business owners that are simply looking for a loan they can repay, as opposed to a handout.

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Commentary: Current Education Tramples the Mind

INTRODUCTION:Not a day goes by there is not an article in our local paper on our local Public School System. If it is not a cry for more money, it is complaints over poor attendance, or that many local teachers are not fully qualified. While some schools are being “demoted,” others are being “promoted.” First, one thing and then another. Obviously, there is something amiss in our current approach to educating our children.Other articles in the local newspaper carry reports of the increased interests and energies being expended by the “little” people to end the imminent threat of our own government by the increasing invasion of our private rights in the name of protecting the people from inside terrorism. People are grouping at the grass roots level to petition their respective government representative, the President and members of Congress, to end these daily threats to our lives. They are sick to the bone of living in daily fear of imminently undermining the guarantees of our Constitution. We need to adhere to Franklin D. Roosevelt’s, Four Freedoms: Speech, Worship, Want and Fear.With all of this bombarding our brains, consider “holistically” the relationship of education to the many efforts of a given society to prepare its young for adult responsibilities; responsibilities of learning to control our own individual natures as well as contributing to the future of human evolution. Apparently, nearly all the fuss over our imminent demise is being conducted by adults in whom we’ve given our trust to govern and lead us. Obviously, something is wrong with this world’s political and educational systems.DISCUSSION:Some minor research will tell us that the word, “education,” derives from the joining of the Latin, “e”, meaning “out,” with the Latin word, “‘duco,” meaning to “lead” or “take out from.” Simply, it means to draw out of the pupil the inherent wisdom that lies within him or her. This word, education, has many implications given a little thought. One such implication is that the newborn brings into this world from previous incarnations a past history of acquired experiences and knowledge of the true value of things. The trouble is most educators and parental caregivers are ignorant of this fact. The newborn is flooded by the events of its immediate environment from the very moment of birth and forwards; as it grows it forgets to remember what it already knows! More people the world over believe in reincarnation than those who do not; mostly those seeped in the Judeo-Christian ideals.When formal education begins, the pupil is bombarded with facts and figures that are supposed to be memorized. And all these things being taught to the pupil are things to be grasped by the senses and are restricted to an empirically material and concrete world of so-called knowledge, whereas it is the world of Meaning that needs stressing.The current methods of education markedly contrast with a true “educational process,” as these words were originally intended. The existent model is more of a “putting into” than one of self-discovery. The students are being inculcated (from inculcare= to stamp into, or tread upon) with a body of pre-determined and quite mundane information of questionable validity, especially for the bringing into existence of a new “world order,” which the new Aquarian Age promises us. Such a new world order needs to be one based upon the ideals of world peace and the consistent application of goodwill, altruism and true brotherhood by each individual to every other individual upon this earth.The educational process must begin with an honorable and purposeful goal. It must go beyond the mere imparting of facts to be remembered to one of searching inwardly for the true meaning and causes behind the facts, which eventually should lead one to look within the self for such meaning. One anonymous educator has expressed it thusly: “Education can be an adventurous quest for the meaning of life, involving an ability to think things through.” (Emphasis added).The goal of education should be to promote the full self-realization and potential of every student; to encourage the goal of the person’s ultimate relationship with the universe, as stressed by Abe Maslow; that noted psychologist who died before his time. Self-centeredness must be transcended so the person develops a realization of his position relative to the whole of existence. To properly teach is to draw out of every student the potential wisdom which he or she inherently possesses. Teachers, conditioned by their own inculcated experiences need to be helped (but by whom?) to realize and accept the fact that the child, every child, has a body of universal wisdom at the core of its being, as they themselves do, waiting to “inform” the student who can be helped to make contact with this accumulated body of eternal truths which will vary with each student.EAST AND WEST NEED UNITING:The need in today’s world is to combine the ancient wisdom and spiritual concepts of the East with the intellectual know-how of the West. These two in combination will eventually bring to humanity the needed spiritual love-wisdom for the solving of all human problems.THE NEED FOR PSYCHOLOGICAL REHABILILTATION:Psychological rehabilitation essentially means bringing the individual personality into line with the evolutionary pattern of the Soul; the “God Within.”Every nation as well as each individual has its own Soul or individual psyche which demonstrates as its character or culture. Historical facts and the past conditions of every individual and nation have determined its current relationships; there is a consistent nationalism or selfishness when what is needed is for education to teach the student the need to take self-responsibility, and to grasp the need for a selfless international participation. Every student needs to give serious consideration to his or her “place in the universe.” Every individual and every nation needs to solve its own personality problems, which are mostly self-generated. And behind all human endeavors are a psychological motive and goal. Anyone who can “think truth,” can help to shape public opinion. Educators should be in the vanguard of such “truth thinking.”In the historical East, education was limited to a few outstanding individuals who showed their potential for a deeper understanding of the purpose of all existence while the masses were ignored. This was also true in the West up until rather recently in our history when education was legally required for the masses. Since that time the goal has been to bring every student to a defined standard by which the educational process would supposedly be “fair to all.” Every individual is different, and wise teachers should be sensitive, understanding and attuned to the wide differences of each child under their tutelage. Remember, teachers and caregivers of every description cannot teach their “charges,” what they themselves do not know.In the future when the psychology of the western world catches up to the Esoteric Psychology of the historical East, the universal Law of Birth and Rebirth will be accepted. Such a needed psychology has been in the public domain for over seventy-five years. (See, Esoteric Psychology, Volumes I and II, Alice A. Bailey, Lucis Press, Publishing House of World Good Will Organization, N.Y., London and Geneva, 1937 and 1941.) In these volumes the human Soul and the chakras and the “etheric envelope” through which we distribute our individual energies are discussed in detail; none of which western psychology or education has yet discovered, although there is a dire an desperate need to do so. How can psychology or education teach a human entity when it does not understand the true nature of the “Constitution of Man.” (See, A Textbook of Theosophy, Ch. V, International Theosophical Publishing House, Madras,(now Chennai), Adyar, India, 1927.)In the East reincarnation, which along with karma, the Law of Retribution, or the Law of Cause and Effect, has been readily accepted and applied to each individual student. “What so ever ye sow, so shall you reap,” Saint Paul tells us. We are each on our own previously earned position on the evolutionary arc (back to the House of the Father), and we each have a Soul Age, which must be discovered and accepted by the wise educator. Our soul age determines our readiness for exposure to the world of meaning; the world of Causes behind the world of Effects. Not only should “advanced” students be given special consideration and culturing, the masses should also be exposed to the spiritual idea that our materialistic world is one of Effects; a mere reflection of a higher world of Truth, Beauty and Reality. Religion is not an issue to be considered here. (See, Education In Light of Theosophy, by Annie Besant, Ibid, 1912.)EVOLUTION IS A CONTINUOUS EXPANSION OF CONSCIOUSNESS:The only difference between an earlier world savage and a Savior, like our Christ, is one of an expansion of consciousness. Like the f-stop on a camera the more open the slit the more light comes in. From the Instinct of the savage, we are now at the more advanced human stage of the Intellect. The next expansion of consciousness leads us to Intuition, or Pure Reasoning and Direct Knowledge, which should be the goal of all modern education. All symbolic, indirect knowledge is merely the interpretations of so-called authority figures, and that based upon their own prior educations. (See, From Intellect To Intuition, Alice A. Bailey, Lucis Publishing Company, World Goodwill, N.Y. 1932.)Intuition develops when our consciousness is not hindered or limited by facts of questionable importance, or restricted by a world of sensory empiricism. Truth can never be discovered by a mind imprisoned in a world of Materialism. The pupil must be left free to expand his or her consciousness without interference from anything or anyone outside the inner self of the pupil. There is in truth a Real world behind this limited world we refer to as the materialistic and physical world. It is the goal of every human entity to discover that inner world for him or herself since Truth cannot be communicated; only Self-discovered. The true purpose of education should be to support that effort.CHILDREN GROW FROM WITHIN OUTWARD:Let us take an example from the vegetable kingdom. A plant grows from a seed; it grows from within outwardly when exposed to the proper environment. Every child grows and develops internally, from within outwardly just as a plant does. That is, if given the proper environmental “nutrients.” Education is one of the major “nutrients” for that growth, or at least should be. Correct understanding of the child, a loving attitude and an encouraging environment by the parents are yet other major “nutrients” for the proper blooming of the inner child seed. What incarnates from one life to another is an “Egoic Seed” which needs encouragement and a nutritional environment to flourish and bloom.It goes without saying that correct education proceeds by way of the human mind; an expansion of consciousness. But it is not the relative contents of the educational materials as absorbed by the mind, no matter how stimulating, which should concern educators. It is rather the very process of thinking itself that requires their rapt attention. (See, The Use and Power of Thought, by C.W. Leadbeater, TS, Ibid, 1911.)It needs to be remembered that to inculcate is to trample on the minds of the young with information of relative value, thus keeping buried the very essential truths of life so needed for the living of a peaceful and harmonious existence with one’s fellow beings. There is a real issue here which educators should consider: from whence comes the most reliable and trustworthy knowledge needed to guide humanity toward its ultimate realization? Remember, teachers cannot teach something they do not know themselves. It should also be remembered that it was the East and not the West which has given to humanity all of its outstanding Avatars for Humanity: the Buddha, Zoroaster, Sri Krishna, the Christ, and others. These earlier Eastern founders of our world religions, the Teachers of our human race and their spiritual concepts, reincarnation and karma among others, have remained with humanity for thousands of years whereas the teachings of the West are forever changing and are restricting, limiting, unstable and temporary. Real Truth is immutable, permanent and everlasting. Western concepts limited to a materialistic world are ephemeral, transitory, mutable and restricted to a world conceived of by our empirical senses. Modern western society generally speaking has no idea of the Truth of Life, or the spiritual meaning behind human existence. How many have honestly tried to turn inward and discover their true Being; their spiritual origins? The inner discovery of eternal Truths, Spiritual Truths, should be the ideal of all educators; not only for themselves but for every pupil. The first step to discovering Truth begins with these questions: Who am I, and what is the meaning of Life?The most appealing answer discovered comes from the injunction of theDelphi Oracle: Man, Know Thyself! (Greek=Gnothe Seauton). This implies, of course, an inwardly directed search for a guiding wisdom; one arising from a source deep within the creative wellspring of the individual seeker.CONCLUSION:In conclusion, altruism, universal Brotherhood, peace and goodwill toward others, are internal spiritual ideas stemming from the inherent wisdom amassed through the countless trials and tribulations undergone by the whole of humanity throughout the eons of time. Each individual, searching deep within the self, striving diligently and persistently to truly know thyself will come to discover the same unerring truth. We are all parts of a larger spiritual Whole. There is only one humanity, one Life, one Universal Mind consciousness. We are inseparable and the ideal of separateness held by the western world is perhaps the greatest illusion humanity has imposed upon itself. This one idea has led to more “Inhumanity to man,” continual warfare, and more human misery than any of the many other false ideals humanity as a whole entertains.To behave cruelly toward any portion of the whole is to injure oneself. Our choice regarding peace is quite simple. We survive as one humanity or we destroy the whole. Now, the question is, Why does it take most would-be authority figures so long to discover this fact? Could it perhaps have something to do with the way they were educated- by INCULCATION?The End

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What Are Your Growth Strategies and Goals For Your Network?

Your Network Is An Important AssetWe hear constantly about the importance of networking and even about the value of our network. We also hear that we need to nurture and care for our network. Although, the above statements are true, there is one critically important part of your network that has not been discussed.Your network should be a reflection of who you want to be and what you want to do. If you are spending your time simply adding people that are just like you, then you will continue to get the same thing out of your network. This is a frequently overlooked piece of the networking puzzle. You need to be adding value to your network; not just names.Have you ever heard the old adage that we are the average of our five closest friends? Basically this means that if three or more of your friends drive a Ford Taurus; you probably drive a Ford Taurus. The tendency is to live within the expectations of your Social Groups. Your network can operate on that same premise.Before getting into your network goals and your growth strategy for your network it is important to understand the functions of a network.What Are the Benefits That You Can Provide Your Network?Before you can receive from your network; you must first be willing to give to your network. Some of the big questions are:
What can I give?
What effort will it take?
Is this going to take a lot of my time?
The first thing that needs to be done is for you to remove those questions from your mind. Concerning yourself with what is in it for you, is the wrong way to network. Your first concern must be your network, when you give your network the priority it deserves your rewards will come.What Are the Benefits That Your Network Can Provide To You?There are many things that one can give to their network including:
Time
Talents
Advice
Connections
Answers
Referrals
Recommendations
Appreciation
Introductions
Adulation
Recognition
Why is giving to your network important and what does it do for you?These are some of the benefits you derive by giving to your network, listed in the order I perceive as being the most important.
Trust
Credibility
Reliability
Respectability
A brand
Demonstrate your willingness to share your knowledge
Demonstrate your interest in their wellbeing
Shows a caring mentality
Shows a sharing mindset
The list is not meant to be all inclusive, but it is meant to provide you with an idea as to what you can accomplish.What Are Your Goals For Your Network?To communicate effectively you should have an underlying purpose or goal for your network. Without a goal your communication will be unfocused and, therefore, ineffective. Because one of your goals should be to establish a brand it is important that your networking activities support that goal.Your goals must include reaching most, if not all, of the objectives listed above. Those qualities elicit recommendations and referrals from your network which is your objective.If you have defined your goals properly it should result in your building a network of people with whom you want to connect and, more importantly, who want to connect with you. A group that you want to be in contact with on a regular basis and a group that will be interested in your message. Once again, and I cannot stress it enough, it is critically important that you have a value to add to your network and that you have a reputation that encourages people to want to connect with you.Just as there will be people that invite you where they will be the primary benefactor, this same thing can hold true with the people that you want to invite into your network. Be aware of that reality and approach your desired connection accordingly. That does not mean that you should not invite people where you appear to have nothing to offer, it just means you must approach it realistically.What Is Your Growth Strategy for Your Network?Now that we have addressed those issues; what is your growth strategy for your network? Who do you want to include and why? You must be looking at this from both giving and receiving perspectives.Most networks include people where you will be able to provide to them, but the chances of their giving to you are limited. This may impact your decisions to invite, but should never impact your decision to accept an invite.You may choose to decline an invite based upon other factors such as the invitee’s reputation, the types of people on the invitee’s connections, and there may be other factors. Just do not deny based upon what the individual can do for you.Sometimes the only thing you might add to an invitee is your admiration for their accomplishments. Do not discount this factor; people like to hear that they are respected and admired for their accomplishments – just be sincere in the praise.ConclusionIf you care for your network properly and continually add value; it will be your most valuable asset and road to your continued success.

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Buying Financial Insurance in Canada

If you’re a Canadian and have been in the workforce for a decade or more, then you know that your income purchases less today than the first year of your working career. Inflation is a part of our society and while our government continues to devalue our money by printing more and more of it, inflation will undoubtedly continue. This is not only a Canadian concern though. All around the world people are feeling the effects of inflation due to excessive money printing; but more on that another time. The long-and-short-of-it all is this: YOUR MONEY WILL continue to BUY LESS as the years go by.

A quick 100-year calculation using the Bank of Canada (BoC) inflation calculator showed the cost of a fixed “basket” of consumer purchases in 1915 was $100.00. At the end of 2015 that cost was $2,083.61. More recently, over the last 10 years prices have gone up 18.01%. Has your income gone up by the same or greater?

The answer is probably, No.

Whether you’re a six-figure earner or you make 30k a year, your “money” is losing buying power. There are a lot of ways that you can protect your money from devaluation but we’ll discuss two common options people take.

One option is the stock market; put a lump of your savings into a portfolio and see what happens. Sounds like gambling to me. But if you’re prepared to leave your finances up to other factors (and people) other than your own due diligence, then putting your money into stocks may be a good fit for you under the following two conditions:

You have the stomach for volatility and,
Your primary objective is to see a substantial return in a short period of time… hopefully.
Another option, and this tends to be the easiest and most selected, is to open a bank savings account. No hassle involved; just open the account, decide how much you want to save and how often, put it on auto-pilot and watch your savings grow.

Really?

In today’s economy, bank savings accounts are not a viable savings vehicle. Most of the interest rates offered are earning below inflation rates. The sad reality is many savers make a future withdrawal only to realize that thy have lost money on an after-inflation basis.

So, what do you do if you’re not a savvy investor?

Buy financial insurance.

We have insurance for almost every aspect of our lives yet insurance is something many of us hopes we never need to use.

Buying financial insurance in Canada, or anywhere else for that matter, is putting your money into a vehicle that is protected long-term from the ups and downs of the volatile economy.

Buying financial insurance preserves your buying power and provides a hedge against inflation.

The global economy is changing but the only economy that should matter to you is yours

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A Guide to Help You Pick the Best Air Purifier for Your Loved Ones

Holidays are around the corner. This is the time of year when people start purchasing gifts for their loved ones. If you are going to purchase an air purifier for someone you love, we have some helpful tips for you. If you want to purchase the best unit, you may be able to use this guide to your advantage. Read on to find out more.

1: Set Your Budget

Just like anything you purchase, make sure you have set your budget first. The price of the unit will vary based on a lot of factors, such as the capacity, filter type, features, and brand of the unit. If you don’t have a flexible budget, we suggest that you go for a product that is available to purchase for less than $300.

2: Consider the Needs of the Recipient

Your next move is to consider the needs of your recipient. If you are going to purchase this unit for everyday use, we suggest that you go for a unit that comes with a HEPA filter. On the other hand, if your loved one has a specific need, we suggest that you consider a specialized unit.

For example, if they are more prone to respiratory issues, such as allergies and infections, we suggest that you get a UV purifier for them. The devices are designed to neutralize viruses and bacteria.

3: Think About the Available Space

Another primary factor is to consider the available space in the office or house of the recipient. For example, if they need a general-purpose unit for a small apartment, you may want to consider a filterless unit.

On the other hand, if they have plenty of free space, you may consider a bigger unit that features a higher airflow rating. These units are powerful enough to cover a large face.

4: Consider Extra Features

Lastly, we suggest that you consider additional features that they will just love. For example, some units come with an indicator that turns on when the filter needs to be replaced. This will allow the user to change the filter so that the device continues to work properly.

So, you may want to consider these features before you place your order. These features may not be important to you, but your friend may just be over the moon.

Long story short, we suggest that you consider these four tips if you are going to purchase a gift for your loved one on these holidays. Since the air is full of pollution during winter days, nothing can make a better gift than an air purifier. Therefore, you should consider these tips before looking for an online or physical store to make your purchase decision.

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