the same. 20% ownership in the company. [inaudible] [inaudible] i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? the question on the sba guaranteeing a entity as the order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender s point of view, we want to see that you are as invested in the business as you are asking the bank to be. 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 f
order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender s point of view, we want to see that you are as invested in the business as you are asking the bank to be. 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 br
[applause] i almost wore the same thing today. [laughter] would have been so awkward. [laughter] no, she was fantastic. now, everyone, without further ado, ladies and gentlemen, please welcome our host, the 43rd mayor of the city and county of san been cisco, the honorable edwin m. lee the 43rd mayor of the city and county of san francisco. [applause] mayor lee: wow, welcome to city hall. and thank you, beach blanket babylon. what a wonderful performance. let s give her another hand. that was just fantastic. when i started being mayor of the city, i turned to our protocol officer and said, you know, charlotte, we are going to do a lot of work this year, but these years forthcoming, as we work hard, i want to also have fun. isn t this fun? all right. [applause] this is our 50th anniversary of the wonderful song, i left my heart in san francisco. tony, it is wonderful for you to be here and grace us and honor us with your presence. your 17 grammys are just so unprecedented
order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender s point of view, we want to see that you are as invested in the business as you are asking the bank to be. 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 br
willie brown, frank jordan, and everyone else, to welcome tony bennett, and to sing along in our favorite song, 50 years old, where were you want to leave your heart, you can come to the rotunda at 12:00 noon and sing in whatever tone you wish. you will not be penalized. according to the mayoral decree that i will pass that morning. however you want to sing the song, as long as you come to the rotunda and do so within the confine its of that great place, where tony bennett will celebrate with us 50 wonderful years of you are always leaving your heart here, increasing its capacity. thank you very much. i invite you to be there next tuesday. thank you. [applause] roll-call. [roll-call] item number two, approved the meeting minutes for the january 2012 meeting. so moved. second. any public comment? any public comment on the executive session on the minutes. item #4, executive ses i move that we reconvene an open session. second. all in favor? i move that we not