Applying for sba loan of less than 50,000 . How much money do we need to have in your bank to apply for a loan . I am on the smaller side of the bank. I am a transaction guy. I do not technically require one to have an account to do a loan with. What i look for, i generally start at 100,000 and up. When it is a requirement of 50,000 or less, i tend to call of the micro guys to help me out. That is right in their box. For us, the capacity for us to do the smaller side is not there as much as it is for them. On getting a loan through my side of the bank, i do not require an account to do that. We would like to have it, but i do not require it. Last question for the Opportunity Fund and a critic representative. Are you a cdfi . Is San Francisco and s. P. A. In support of cdfis being established in San Francisco . Yes, we are. We were founded in 1999 with a Small Business loan. That is how we started our tenderloin office. Opportunity fund is a certified cdfi, so we are providing a benefit
Is San Francisco and s. P. A. In support of cdfis being established in San Francisco . Yes, we are. We were founded in 1999 with a Small Business loan. That is how we started our tenderloin office. Opportunity fund is a certified cdfi, so we are providing a benefit to low and moderateincome communities. He is the city establishing support for new cdfis . Mark wanted to address that, in support of cdfis in the city. We have a wealth of partners in the city. S. P. A. Is just now rolling out a program for r will be the case by the summer. Let me get one last point and on the question about relationships to lenders. The question was, do have to have an account with a bank in order to get a loan . May answer is no, but the real answer to it is certainly want to do that. One of the things we see as an important thing for you, as a smallbusiness person to establish a relationship with a lender on a variety of levels before you look for funding. Part of that is opening an account with them, le
Having yourself personally liable is not the way it works. You should assume you will guarantee the loan regardless of the structure of your business. The good news, though, for businesses like you are describing, Internet Business, is that the Capital Requirements for that type of business is generally small. You are able to get yourself further along and share in revenues with a smaller amount of credit need. That is where we see a lot of businesses and personal service or Internet Business get started, and generate revenues and be able to show Growth Without needing any capital, like a brick and mortar business might. My name is terry said. I have a Retail Business in San Francisco for 22 years. I have a 5 04 504 loan. It took me three years to get. We need more capital. I tried to get a line of credit from wells capital. I was decline. Where does someone like myself go . I have a loan, i need additional funding. Did you try through the sba . I already have an sba loan. I went to we
And we begin tonight with the news that Foreign Ministers from syrias neighbors are warning the refugee crisis will get worse if the world doesnt offer more help soon. The ministers met in geneva to ask for international aid, if there is an attack thousands more will follow over the border. All actions are creating refugee flows need to cease. A political solution to end the cycle of horror is urgently needed. There is no humanitarian solution to the syrian crisis, rather there needs to be a political solution to end the humanitarian crisis. Here are the numbers. The u. N. Agency as we said says theres 2 million refugees, fieched,000 in jordan, more than 400,000 in turkey, 170,000 in iraq and more than 700,000 have fled to neighboring lebanon, zina corder reports from beirut. One in every five people in lebanon is a syrian. Many have settled in poor overcrowded neighborhoods like this one. They live in the local population but cant escape the feeling of not being welcome. The lebanese
The idea that non recourse loans, the way you describe it, loans that you get without having yourself personally liable is not the way it works. You should assume you will guarantee the loan regardless of the structure of your business. The good news, though, for businesses like you are describing, Internet Business, is that the Capital Requirements for that type of business is generally small. You are able to get yourself further along and share in revenues with a smaller amount of credit need. That is where we see a lot of businesses and personal service or Internet Business get started, and generate revenues and be able to show Growth Without needing any capital, like a brick and mortar business might. My name is terry said. I have a Retail Business in San Francisco for 22 years. I have a 5 04 504 loan. It took me three years to get. We need more capital. I tried to get a line of credit from wells capital. I was decline. Where does someone like myself go . I have a loan, i need addi